IN RE SEMCRUDE L.P.

No. 14-1204.

796 F.3d 310 (2015)

In re SEMCRUDE L.P., et al., Debtors. Thomas L. Kivisto, Appellant.

United States Court of Appeals, Third Circuit.

Filed: August 5, 2015.


Attorney(s) appearing for the Case

Paul R. Bessette, Esq. , Argued, James P. Sullivan, Esq. , King & Spalding, Austin, TX, Counsel for Appellant.

Andrew S. Hicks, Esq. , Adam P. Schiffer, Esq. , Argued, Schiffer Odom Hicks & Johnson, Houston, TX, Gary F. Seitz, Esq. , Gellert Scali Busenkell & Brown, Philadelphia, PA, Counsel for Appellees.

Before: FUENTES, FISHER and KRAUSE, Circuit Judges.


OPINION OF THE COURT

Thomas L. Kivisto, co-founder and former President and CEO of SemCrude L.P., an Oklahoma-based oil and gas company, allegedly drove SemCrude into bankruptcy through his self-dealing and speculative trading strategies. SemCrude's Litigation Trust sued Kivisto, and the parties reached a settlement...

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