Legal Opinion

Jeff Compton v. Aker Pusnes AS

Court of Appeals for the Fifth Circuit

Decided November 14, 2012No. 11-20478PublishedCited by 50 opinions

1Opinion of the Court

DeMOSS, Circuit Judge:

I

This is a direct appeal from the Bankruptcy Court for the Southern District of Texas. MPF Corp. Ltd., MPF-01 Ltd., and MPF Holding US LLC (collectively the “Debtors”) filed for Chapter 11 bankruptcy in September of 2008. Prior to bankruptcy, the Debtors had been in the business of constructing a massive mobile offshore drilling vessel known as a multi purpose floater (“MPF unit”). Cost overruns forced the Debtors to cease work on the MPF unit and seek bankruptcy protection.

In bankruptcy, the Debtors’ assets consisted primarily of construction and supply contracts…

2Cases cited11 opinions

  1. Torch Liquidating Trust Ex Rel. Bridge Associates L.L.C. v. StockstillCourt of Appeals for the Fifth Circuit · 2009
  2. Bass v. DenneyCourt of Appeals for the Fifth Circuit · 1999
  3. Highland Capital Management LP v. Chesapeake Energy Corp. (In Re Seven Seas Petroleum, Inc.)Court of Appeals for the Fifth Circuit · 2008
  4. Dynasty Oil & Gas, LLC v. Citizens BankCourt of Appeals for the Fifth Circuit · 2008
  5. Eckstein Marine Service L.L.C. v. Lorne JacCourt of Appeals for the Fifth Circuit · 2012

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3Cited by50 opinions

  1. U.S. Bank National Ass'n v. Verizon Communications, Inc.Court of Appeals for the Fifth Circuit · 2014
  2. Think3 Litigation Trust v. Zuccarello (In re Think3, Inc.)United States Bankruptcy Court, W.D. Texas · 2015
  3. Wooley v. Haynes & Boone, L.L.P.Court of Appeals for the Fifth Circuit · 2013
  4. In re Trusts Established Under the Pooling & Servicing Agreements Relating to the Wachovia Bank Commercial Mortg. Trust Commercial Mortg. Pass-Through CertificatesDistrict Court, S.D. Illinois · 2019
  5. Brickley ex rel. CryptoMetrics, Inc. Creditors' Trust v. ScanTech Identification Beams Systems, LLCDistrict Court, W.D. Texas · 2017

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