SemCrude Ruling Skirted Due Process, Oil Cos. Tell 3rd Circ.

Law360, New York (December 19, 2012, 12:41 PM EST) -- A putative class of crude-oil producers led by Luke Oil Co. urged the Third Circuit on Monday to reverse a Delaware bankruptcy court’s decision to permanently stay their property rights claims in the 2008 bankruptcy of SemCrude LP, saying they were denied due process.

The oil producers, which also include C & S Oil/Cross Properties Inc., Wayne Thomas Oil and Gas and William R. Earnhardt Co., argue that both the Delaware bankruptcy and district courts reneged on their promises that the companies would have their day...
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