OIL TRANSPORT COMPANY v. VERRET

No. 18155.

278 F.2d 464 (1960)

OIL TRANSPORT COMPANY, Incorporated, and Charles C. Smith Company, Appellants, v. Lennis VERRET et al., Appellees.

United States Court of Appeals Fifth Circuit.

May 17, 1960.


Attorney(s) appearing for the Case

Rene H. Himel, Jr., Paul A. Gaudet, Eberhard P. Deutsch, William S. Stone, New Orleans, La., for appellants. Deutsch, Kerrigan & Stiles, New Orleans, La., of counsel.

James J. Morrison, Arthur A. De La Houssaye, Raymond H. Kierr, Jack C. Benjamin, New Orleans, La., Browne & Rault, New Orleans, La., of counsel, for appellees.

Before TUTTLE, CAMERON and JONES, Circuit Judges.


TUTTLE, Circuit Judge.

This appeal presents the question whether the failure of the bareboat charterer and owner to deposit any sum representing the value of a sunken vessel considered by them to be worthless, or approved security therefor, or to transfer to a trustee their interests in the vessel within six months after the filing of claims required a dismissal of limitation and exoneration proceedings filed by appellants. Charles C. Smith Company, the owner, and...

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