[beAbU]

OceanGate is probably still a going concern on paper. They no doubt have premises, equipment, other assets, creditors, cash in the bank and so on.

This lawsuit is probably an attempt to get a seat at the liquidation table if nothing else. They will probably not get 50M out, but I don't think that's the point.

Also keep in mind that this is the /estate/ that's suing, so there is a no doubt a lawyer somewhere in the mix that saw an opportunity to increase their executor fees and make bank.