Tufts Energy LLC v. Bryan (In Re Crutcher-Tufts Resources, Inc.)

Appellant Tufts Energy LLC appeals the judgment of the bankruptcy court, as affirmed by the district court, rejecting Appellant’s claim of entitlement to receive an equity interest in Crutcher-Tufts Resources LP by virtue of a “Membership Agreement.” The bankruptcy court concluded that the determinative provision of that contract did indeed constitute a sus-pensive condition under applicable provisions of the Louisiana Civil Code, but that the condition was not fulfilled because of Appellant’s faults and failures and not through any legal fault of Appellees or any of them. We have reviewed…