Legal Opinion

Wallen v. Tauren Exploration, Inc. (In re Cubic Energy, Inc.)

United States Bankruptcy Court, D. Delaware

Decided July 2, 2019No. Case No.: 15-12500 (CSS) (Jointly Administered); Adv. Proc. No.: 18-50698 (CSS); Adv. Docket No.: 12PublishedCited by 1 opinion

1Opinion of the CourtSontchi, C.J.

*746INTRODUCTION

The oil and gas industry has long been a magnet for adventurers and businesses hoping to ride the wave of an oil boom. Sadly for some, their aspirations did not pan out and their ventures succumbed to the industry's boom-or-bust cycle. Before the Court is a motion related to successive bankruptcies stemming from such events.

A reorganized debtor's purported representative and former CEO are suing the liquidating trust of debtor's erstwhile equity holder and business partner. They allege that a release in the debtor's plan of reorganization bars the claims that the liquidating trust…

2Cases cited30 opinions

Ashcroft v. IqbalSupreme Court of the United States · 2009
Bell v. HoodSupreme Court of the United States · 1946
Hagans v. LavineSupreme Court of the United States · 1974
George Jumara and Evangelina Jumara, H/w v. State Farm Insurance CompanyCourt of Appeals for the Third Circuit · 1995
Kehr Packages, Inc. v. Fidelcor, Inc.Court of Appeals for the Third Circuit · 1991

25 more not listed; retrieve them via the Exa API.

3Cited by1 opinion

Welded Construction, L.P. v. The Williams Companies, Inc.United States Bankruptcy Court, D. Delaware · 2019