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U.S. v. PANHANDLE EASTERN CORP.

Civ. A. No. 87-190-JLL.

696 F.Supp. 983 (1988)

UNITED STATES of America, Plaintiff, v. PANHANDLE EASTERN CORP., Panhandle Eastern Pipe Line Co., Trunkline Gas Co., Trunkline LNG Co., General Dynamics Corp., Moore McCormack Resources, Inc., Moore McCormack LNG Transport, Inc., Morgas, Inc., Pantheon, Inc., Pelmar Co., and Lachmar, a Delaware General Partnership, Defendants.

United States District Court, District of Delaware.

September 23, 1988.

Attorney(s) appearing for the Case

William C. Carpenter, Jr., U.S. Atty., Richard G. Andrews, Asst. U.S. Atty., Wilmington, Del., John R. Bollin, Asst. Atty. Gen., J. Christopher Kohn, Robert M. Hollis, Andrea Larry, Gregory A. Harrison, Attys., Civ. Div., Dept. of Justice, Washington, D.C., and Robert J. Patton, Jr., Richard Lorr and Jay Gordon, U.S. Maritime Admin., Dept. of Transp., Washington, D.C., of counsel, for plaintiff.

Lawrence A. Hamermesh and Vicki A. Hagel of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., and Michael A. Joseph and E. Alex Blanton of Dyer, Ellis, Joseph and Mills, Washington, D.C., of counsel, for defendants Panhandle Eastern Corp., Panhandle Eastern Pipe Line Co., Trunkline Gas Co., Trunkline LNG Co., Morgas, Inc., Pantheon, Inc., Pelmar Co. and Lachmar.

MEMORANDUM OPINION

LATCHUM, Senior District Judge.

I. INTRODUCTION

Upon entry of a $139 million-plus judgment against defendants Trunkline LNG Co. and Trunkline Gas Company, they announced their intention to file an appeal and moved for a stay of execution of judgment pending appeal. In lieu of a traditional supersedeas bond (which would entitle defendants to a stay of execution as a matter of right under Fed.R.Civ.P. 62(d)), defendants have proposed...

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