Legal Opinion

Offshore Exploration & Production LLC v. Morgan Stanley Private Bank, N.A.

District Court, S.D. New York

Decided December 2, 2013No. 13 Civ. 3537(JGK)PublishedCited by 9 opinions

1Opinion of the Court

OPINION AND ORDER

JOHN G. KOELTL, District Judge.

The plaintiff, Offshore Exploration and Production, LLC (“Offshore”), brings this action against defendants Korea National Oil Corporation (“KNOC”), Ecopetrol S.A., and Morgan Stanley Private Bank, N.A. The Complaint seeks a declaratory judgment that Morgan Stanley, acting as an Escrow Agent, must release to KNOC and Ecopetrol over $75 million from an escrow fund that Morgan Stanley Private Bank, N.A. now holds pursuant to an escrow agreement. An arbitration panel has already determined that Offshore must pay that amount to KNOC and Ecopetrol.…

2Cases cited16 opinions

  1. First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
  2. At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
  3. Howsam v. Dean Witter Reynolds, Inc.Supreme Court of the United States · 2002
  4. CONTEC CORPORATION, Plaintiff-Counter-Defendant-Appellee, v. REMOTE SOLUTION CO., LTD., Defendant-Counterclaimant-AppellantCourt of Appeals for the Second Circuit · 2005
  5. Collins & Aikman Products Co. v. Building Systems, Inc. And U.S. Commercial Floor SystemCourt of Appeals for the Second Circuit · 1995

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3Cited by9 opinions

  1. Ecopetrol S.A. v. Offshore Exploration & Production LLCDistrict Court, S.D. New York · 2014
  2. Ecopetrol S.A. v. Offshore Exploration & Production LLCDistrict Court, S.D. New York · 2016
  3. Hidalgo v. Amateur Athletic Union of the United States, Inc.District Court, S.D. New York · 2020
  4. Lewis v. Samsung Electronics America, Inc.District Court, S.D. New York · 2023
  5. Lonstein Law Office, P.C. v. Evanston Insurance CompanyDistrict Court, S.D. New York · 2022

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