Crystal Seafood Company Appeals $1 Million Deepwater Clawback Judgment
Louisiana, November 7, 2016 – Earlier this month, Deepwater Horizon oil spills Claims Administrator urged the Fifth Circuit to uphold a judgment, which ordered Crystal Seafood Company and its owners to return $1 million they received from the claims program. The Claims Administrator alleged that the seafood company fraudulently claimed the cash under the claims program.
Previously in May 2016, Honorable Judge Carl J. Barbier had ordered Crystal Seafood Company to pay more than $1 million in restitution after having found that the business fraudulently stated having an ongoing shrimp processing business at the time of the oil spill. Judge Barbier also held Faegre Baker Daniels LLP jointly and severally liable for the amount it received on a contingent fee basis for representing Crystal’s claim.
Crystal Seafood Company Inc. has appealed, alleging that Judge Barbier ignored the facts submitted by the company in support of its argument. The Company claimed that it didn’t knowingly misrepresent itself. The case is In re Deepwater Horizon, case number 16-30717, in the U.S. Court of Appeals for the Fifth Circuit.
Defendant Successfully Rebuts the Presumption of Insolvency During the Preference Period
Lanik v. Smith (In re Cox Motor Express of Greensboro, Inc.), Nos. 14-10468, 15-02023, 2016…Read More
Genuine Issue of Material Fact Precluded Judgment in Favor of Trustee
Madden v. Morelli (In re Energy Conversion Devices, Inc.), Nos. 12-43166, 13-4958, 2016 Bankr. LEXIS…Read More
Madoff Cohmad Clawback Lawsuit Settles For $32 Million
November 4, 2016, New York – Victims of Bernard Madoff’s Ponzi scheme will soon receive…Read More
Quantum Foods – Opportunity For Leave to Amend a Complaint be Freely Given
Official Comm. of Unsecured Creditors of Quantum Foods, LLC v. Indep. Purchasing Coop., Inc. (In…Read More