Legal Opinion

In re Semcrube, L.P.

United States Bankruptcy Court, D. Delaware

Decided January 9, 2009No. 08-11525 (BLS); Docket Reference No. 888PublishedCited by 19 opinions

1Opinion of the Court

OPINION 1

BRENDAN LINEHAN SHANNON, Bankruptcy Judge.

Before the Court is the motion (the “Motion”) [Docket No. 888] of Chevron Products Company, a division of Chevron USA, Inc. (“Chevron”) seeking relief from the automatic stay to effect a “triangular setoff’ of certain debts that are owed or owing between it and three separate debtors in these jointly administered cases. For the following reasons, the Court will deny the Motion.

I. BACKGROUND

On July 22, 2008 (the “Petition Date”), SemGroup, L.P. (“SemGroup”), and certain direct and indirect subsidiaries (each a “Debtor” and collectively…

2Cases cited37 opinions

  1. United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
  2. Connecticut National Bank v. GermainSupreme Court of the United States · 1992
  3. Duncan v. WalkerSupreme Court of the United States · 2001
  4. Caminetti v. United StatesSupreme Court of the United States · 1917
  5. Griffin v. Oceanic Contractors, Inc.Supreme Court of the United States · 1982

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3Cited by19 opinions

  1. Burtch v. Seaport Capital, LLC (In re Direct Response Media, Inc.)United States Bankruptcy Court, D. Delaware · 2012
  2. Official Committee of Unsecured Creditors of Tousa, Inc. v. Citicorp North America, Inc. (In Re Tousa, Inc.)United States Bankruptcy Court, S.D. Florida. · 2009
  3. Claridge Assocs., LLC v. Schepis (In re Pursuit Capital Mgmt., LLC)United States Bankruptcy Court, D. Delaware · 2018
  4. Chevron Products Co. v. SemCrude, L.P.District Court, D. Delaware · 2010
  5. In re Orexigen Therapeutics, Inc.United States Bankruptcy Court, D. Delaware · 2018

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