Lothian Oil Creditor Takes Jurisdiction Row To 2nd Circ.

Law360, New York (May 11, 2012, 9:23 PM EDT) -- A Lothian Oil Inc. creditor asked the Second Circuit on Tuesday to resolve a jurisdictional dispute over sanctions and other issues in a suit accusing the bankrupt oil company of conspiracy that has bounced between state, federal and bankruptcy courts in New York and Texas.

Appellant Israel Grossman, who launched New York state suits along with others seeking additional payouts under Lothian's reorganization plan, asked the Second Circuit in a brief to determine whether a New York bankruptcy court could enforce sanctions by a Texas bankruptcy...
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