Vantage Drilling Shares Aren't TMT Property, 5th Circ. Says

By Jeff Sistrunk (September 4, 2014, 6:15 PM EDT) -- The Fifth Circuit ruled Thursday that a Texas district court and bankruptcy court improperly interfered with Vantage Drilling Co.'s state lawsuit against the owner of bankrupt TMT Group by ordering that Vantage shares be placed into court custody, finding neither court had jurisdiction because the shares aren't property of the debtors' estate....

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