Legal Opinion
K.E. Resources, Ltd. v. BMO Financial Inc.
Court of Appeals for the Sixth Circuit
Decided July 15, 1997No. 96-5311PublishedCited by 2 opinions
1Opinion of the Court
OPINION
MERRITT, Circuit Judge.
SUMMARY
In this oil and gas case arising from the Chapter 11 bankruptcy of an operator of oil and gas wells, the primary question involves the ranking of liens under Louisiana law. The appellants (herein referred to as “investors”) are investors holding minority working interests in the wells, and the appellees are creditors who made loans to the debtor. The specific issue before the Court is the priority between the investors’ claims, which are based on hens authorized in an Operating Agreement with the operator but not perfected through proper recordation, and…
2Cases cited13 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Transamerica Insurance Company v. Duro Bag Manufacturing CompanyCourt of Appeals for the Sixth Circuit · 1995
- Ledford v. Tiedge (In Re Sams)United States Bankruptcy Court, S.D. Ohio · 1989
- Judice-Henry-May Agency, Inc. v. FranklinLouisiana Court of Appeal · 1980
- Odom v. Cherokee Homes, Inc.Louisiana Court of Appeal · 1964
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3Cited by2 opinions
- In Re Century Offshore Management CorporationCourt of Appeals for the Sixth Circuit · 1997
- Drown v. Kondaur Capital Corp. (In Re Amadu)United States Bankruptcy Court, S.D. Ohio · 2010