Whitebox Advisors

Motion for a Temporary Restraining Order and Preliminary Injunction in Whitebox Relative Value Partners LP, Whitebox Multi-Strategy Partners LP, Pandora Select Partners LP, all of the Cayman Islands, and Whitebox GT Fund LP, of Delaware v. Transocean Ltd., of Switzerland, and Transocean Inc., of the Cayman Islands, at the U. S. District Court for the Southern District of New York.

Investment vehicles domiciled in the Cayman Islands, Delaware and Ireland have applied for an injunction to prevent insiders of a subprime financial services provider that faces "imminent" insolvency from allegedly enriching themselves and other shareholders at the expense of debt