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IN RE CRESCENT RESOURCES, LLC

Bankruptcy No. 09-11507-CAG. Adversary No. 11-01013-CAG.

463 B.R. 423 (2011)

In re CRESCENT RESOURCES, LLC, Debtor. Crescent Resources Litigation Trust, by and Dan Bensimon, Trustee, Plaintiff, v. Edward E. Burr, Defendant.

United States Bankruptcy Court, W.D. Texas, Austin Division.

July 22, 2011.

Attorney(s) appearing for the Case

Eric J. Taube , Mark Curtis Taylor , Hohmann Taube & Summers, LLP, Austin, TX, Marcia L. Goldstein , New York, NY, Martin A. Sosland , Michelle V. Larson , Rebecca A. Thomas , Weil Gotshal & Manges LLP, Dallas, TX, for Debtor.

David Erwin Dunham , Isabelle M. Antongiorgi , Miguel S. Rodriguez , Taylor Dunham, LLP, Austin, TX, for Plaintiff.

Deborah D. Williamson , Cox Smith Matthews Incorporated , San Antonio, TX, for Defendant.

MEMORANDUM OPINION REGARDING BURR'S MOTION TO DISMISS

CRAIG A. GARGOTTA, Bankruptcy Judge.

Crescent Resources, LLC, Crescent Holdings, LLC, and their affiliated debtors and debtors in possession (collectively "Crescent Resources," "Crescent," or "Debtors"), filed a petition under Chapter 11 of the Bankruptcy Code on June 10, 2009. Prior to filing for bankruptcy, Crescent was a real estate development and management organization which developed, owned, leased...

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