Westland Oil Development Corp. v. MCorp Management Solutions, Inc.
District Court, S.D. Texas
1Opinion of the Court
OPINION ON BANKRUPTCY FINALITY
HUGHES, District Judge.
1. Introduction.
Westland Oil Developing Corporation filed for bankruptcy under chapter 11 in October 1987. By November, the creditors confirmed the plan. Westland is now suing MCorp Management Solutions, Inc. (MSI) for fraud and breach of contract based on MSI's repudiation of an oral contract. Because Westland did not adequately disclose it as an asset in its bankruptcy, preclusion bars this claim.
2. Background.
Westland Oil Development Corporation is an oil exploring company. MCorp Management Solutions, Inc., is in dissolution. Between…
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