W&T Offshore, Inc. (WTI) announced the U.S. Magistrate Judge Dena Palermo recommended denying two surety companies motions for preliminary injunction, through which they collectively asked for full monetization of over $100 million. Sureties motion for preliminary injunction, which would have required W&T to immediately post collateral, was categorically recommended to be denied. The company will not be required to post collateral -if at all- until a determination on the merits of the pending lawsuit with the remaining surety providers.
Tracy Krohn, W&Ts Chairman and CEO, said: "This vindicates W&Ts decision to aggressively defend against unlawful predatory business practices."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.