In the Matter of Placid Oil Company, Debtor. Professional Geophysics, Inc. v. Placid Oil Co.

JERRY E. SMITH, Circuit Judge:

Appellant Professional Geophysics, Inc. (PGI), a producer of seismic data, filed an administrative claim in bankruptcy court against appellee/debtor Placid Oil Co. (Placid), claiming that Placid had used its data without paying for it. The bankruptcy court granted summary judgment in favor of Placid, holding that PGI’s claim was barred by the statute of limitations in that if it had exercised reasonable diligence, PGI would have known, within the limitations period, that Placid was using its information. The district court affirmed, and PGI now appeals.

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