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IN RE HARVEST OIL & GAS, LLC

Bankruptcy No. 09-50397. Adversary No. 10-05009.

448 B.R. 444 (2011)

In re HARVEST OIL & GAS, LLC, et al., Debtors. The Harvest Group, LLC and Harvest Oil & Gas, LLC, Plaintiffs v. Barry Ray Salsbury, Brian Carl Albrecht, Shell Sibley, Willie Willard Powell and Carolyn Monica Greer, Defendants.

United States Bankruptcy Court, W.D. Louisiana.

March 31, 2011.

Attorney(s) appearing for the Case

Adams & Reese, LLP, Lisa M. Hedrick, Paul J. Goodwine, Colleen C. Jarrott, Schully Roberts Slattery & Marino PLC, John M. Duck, Robin B. Cheatham, Law Firm of Adams and Reese, LLP, New Orleans, LA, for Debtor.

Leonard William Copeland, Shreveport, LA, for U.S. Trustee.

Taylor, Porter, Brooks & Phillips, LLP, Michael A. Crawford, Baton Rouge, LA, Douglas S. Draper, New Orleans, LA, for Creditor Committee.

MEMORANDUM RULING

ROBERT SUMMERHAYS, Bankruptcy Judge.

This adversary proceeding involves claims for breach of representations and warranties in two purchase and sale agreements executed in connection with the sale of membership interests in The Harvest Group, LLC and Harvest Oil & Gas, LLC (collectively, "Harvest"). The defendants—Barry Ray Salsbury, Brian Carl Albrecht, Shell Sibley, Willie Willard Powell, and Carolyn Monica Greer (collectively...

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