Parker Drilling Company – Barings Seeks Appointment of Examiner, Accuses Debtors of Complicity with “Junior” Backstop Commitment Parties to “Soak Up” Plan Value

February 20, 2019 – Barings LLC (“Barings”) filed an emergency motion seeking the appointment of an examiner to investigate the Debtors’ Plan and a Plan process it believes "has been improperly usurped by the Backstop Commitment Group@ [Docket No. 363]. The motion states, “Barings, on behalf of certain of its managed funds and investment accounts,…