5th Circ. Rejects Maritime Liens Despite Contract Breach
By Paul DeBenedetto ( July 7, 2015, 9:55 PM EDT) -- The Fifth Circuit on Monday affirmed a Louisiana federal judge's summary judgment in favor of JP Morgan Chase Bank and Allegiance Bank Texas in a breach of contract suit brought by Comar Marine LLC against four vessel-owning LLCs and the banks, saying the court was right in concluding the breach did not give rise to maritime liens....
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