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PEARCY MARINE, INC. v. SEACOR MARINE, INC.

Civ. A. No. G-93-124.

847 F.Supp. 57 (1993)

PEARCY MARINE, INC., Plaintiff, v. SEACOR MARINE, INC. and Glen H. Fornell, Defendants.

United States District Court, S.D. Texas, Galveston Division.

June 28, 1993.

Attorney(s) appearing for the Case

Robert A. Sherman, Morris & Campbell, Houston, TX, for plaintiff.

Timothy Johnson, Morton Lee Susman, Weil, Gotshal & Manges, Steven Richard Selsberg, Weil, Gotshal & Manges, Houston, TX, for Seacor Marine Inc., Glen H. Fornell, defendants.

ORDER

KENT, District Judge.

Before the Court is the Defendants' Motion to Dismiss. For the reasons set forth below, the Court DENIES this motion.

In early 1992, the Plaintiff, a Colorado corporation based in Galveston County, Texas, suffered cash flow problems that seriously affected the continued viability of its maritime transportation operations. Despite these problems, the Plaintiff possessed lucrative bookings with the United States military...

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