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IN RE GULF FLEET HOLDINGS, INC.

Bankruptcy No. 10-50713. Adversary No. 11-05006.

491 B.R. 747 (2013)

In re GULF FLEET HOLDINGS, INC., et al., Debtors. Alan H. Goodman, Trustee, Plaintiffs-in-Intervention v. H.I.G. Capital, LLC, et al., Defendants-in-Intervention.

United States Bankruptcy Court, W.D. Louisiana, Lafayette Division.

April 2, 2013.

Attorney(s) appearing for the Case

Timothy S. Madden, King, Krebs & Jurgens, PLLC, New Orleans, LA. for Plaintiffs-in-Intervention.

Brandon W. Letulier, Jed Michel Mestayer, Frank X. Neuner, Jr., Melissa Lutgring Theriot, Laborde & Neuner, Lafayette, LA, Jason N. Zakia, Miami, FL, Peter S. Koeppel, New Orleans, LA, Andrew L. Margulis, Ropers Majeski Kohn and Bentley, LLC, New York, NY, Louis M. Phillips, Ryan James Richmond, One American Place, Baton Rouge, LA, Christopher D. Johnson, Hugh Massey Ray, III, Houston, TX, for Defendants-in-Intervention.

REASONS FOR DECISION

ROBERT SUMMERHAYS, Bankruptcy Judge.

This is an action brought by Alan H. Goodman, the trustee of the Gulf Fleet Liquidating Trust (with respect to Mr. Goodman, the "Trustee" and with respect to the Gulf Fleet Liquidating Trust, the "Trust") against H.I.G. Capital, LLC and other defendants. The Trustee's claims arise out of H.I.G.'s leveraged buyout and subsequent management of Gulf Fleet Holdings, Inc. and its affiliates ("Gulf Fleet...

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