Signal on auction block after filing for bankruptcy

摘要

Signal International, which has acquired other shipyards out of bankruptcy, is now in Chapter 11 itself and seeking a buyer. Strained by falling oil and gas prices and facing $20 million in federal court claims for allegations of abusing Indian guest workers, Signal filed for bankruptcy protection in July while keeping its Mobile, Ala., and Pascagoula, Miss., yards and 302 employees working. A settlement agreement is subject to court approval.