Supreme Court of Texas

Plaintiffs' claim that defendant intentionally undervalued the debtor during bankruptcy proceedings cannot be maintained in state court years after the bankruptcy court's final order confirming the debtor's reorganization plan.

Appellate Information

• Argued 10/19/2004
• Decided 05/27/2005
• Published 05/27/2005

Judges

• Justice WAINWRIGHT delivered the opinion of the Court.

Court

• Supreme Court of Texas

Counsel

• For Appellant:
  
• Boe W. Martin, Dawn Ryan Budner, Sherri Turner Alexander, Rebecca Ann Hicks, Kirk Dailey Dreyer, Bell Nunnally & Martin LLP, Bruce W. Akerly, Bell, Nunnally & Martin L.L.P., Maria Katina Karos, Bell Nunnally & Martin Pllc, Samara L. Kline, Baker Botts L.L.P., Bryant C. Boren Jr., Baker & Botts L.L.P., Dallas, Joe R. Greenhill, Bob Shannon, Baker Botts LLP, Austin, for for petitioners., Michael P. Lynn, Russell James DePalma, Lynn Tillotson & Pinker, LLP, Basheer Youssef Ghorayeb, Rodriguez Law Firm, P.C., Dallas, Susanna J. Gray, Fried Frank Harris Shriver & Jacobson, New York, NY, for TCW Asset Management Company, TCW Group Inc., TCW Special Credits, Trust Company of the West, Thomas M. Fulkerson, Clements O'Neill Pierce Wilson & Fulkerson, Houston, for NGC Asbestos Disease and Property Damage Trust., C. Rodney Acker, Ellen Bush Sessions, Jenkens & Gilchrist, P.C., Dallas, for Donaldson, Lufkin & Jenrette Securites Corp., Kathy D. Patrick, Andrew L. Pickens, Jeffry Joe Cotner, Jeffrey C. Kubin, Gibbs & Bruns, L.L.P., Houston, for Fidelity Management & Research Company., William D. Sims Jr., Michael Lawrence Raiff, Vinson & Elkins, L.L.P., Dallas, for Water Street Corporation Recovery Fund I, L.P., Marvin S. Sloman, James A. Ellis Jr., Stephen A. Goodwin, Carrington Coleman Sloman & Blumenthal, L.L.P., Dallas, Sheldon Raab, Barry Sher, John Dellaportas, Fried Frank Harris Shriver & Jacobson, New York, NY, for Houlihan Lokey Howard & Zukin Capital.


• For Appellees:
  
• Roger Townsend, Jennifer R. Tillison, Alexander Dubose Jones & Townsend, LLP, James R. Moriarty, Patrick Kevin Leyendecker, Moriarty & Leyendecker, Richard Frankel, Stephen M. Hackerman, Hackerman Frankel, Houston, J. Robert Arnett II, Sopuch, Arnett, Higgins & Gaubert, L.L.P., Patrick J. Neligan Jr., Neligan Tarpley Andrews & Foley, L.L.P., Dallas, Craig Howard Averch, White & Case LLP, Los Angeles, CA, William Powers Jr., Austin, for respondents.