United States Fifth Circuit

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In re: Velocita Worldwide Logistics Inc., 09-10416

In an appeal from the district court's judgment affirming the bankruptcy court and declining to imply a right of contribution among defendants who agreed to be jointly and individually liable for a payment as part of the settlement agreement for a state tort action, the order is affirmed where the obligations in the instant settlement agreement were not analogous to the obligations in surety and guaranty agreements, the contractual arrangements in which Texas courts had allowed contribution claims against co-obligors.

Appellate Information

  • Decided 06/03/2010
  • Published 06/03/2010

Judges

  • GARZA., Before GARZA, DeMOSS, and CLEMENT, Circuit Judges.

Court

  • United States Fifth Circuit

Counsel