Intertek USA Inc. v. Caribbean Petro. Corp. (In re Caribbean Petro. Corp.)
Mar
11
2013
Ruling
Creditor could not challenge settlement that was incorporated into confirmed plan.
Procedural posture
An alleged co-tortfeasor (also "creditor") challenged a settlement between defendants, debtors, and its insurer. Plaintiff was insistent that the terms of a Buyback Order, as well as a Puerto Rican statute, required the Settlement Funds to be distributed only to Tort Claimants. Plaintiff moved to enforce its interpretation of the Buyback Order and also moved to enjoin distribution of the Settlement Funds.
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Court
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