Plains Sues Flying J Unit Over Oil Foreclosure

Law360, New York (May 21, 2010, 5:21 PM EDT) -- Plains All American Pipeline LP is suing Flying J Inc. subsidiary Big West Oil LLC over millions of dollars’ worth of oil Plains foreclosed on in 2008 on the eve of the massive Flying J bankruptcy filing.

In an adversary case brought Thursday, Plains is seeking declaratory relief stating that it properly foreclosed on Big West's oil and has a lien against the company's assets, according to a complaint filed in the U.S. Bankruptcy Court for the District of Delaware.

At the end of 2008, Big...
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