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BANKERS TRUST CO. v. BETHLEHEM STEEL CORP.

Nos. 84-1051, 84-1052.

761 F.2d 943 (1985)

In the Matter of the Complaint of BANKERS TRUST COMPANY as Owner-Trustee and Monsanto Company as Chartered Owner, and Keystone Shipping Co., as Chartered Owner and Operator of the SS. EDGAR M. QUEENY, For Exoneration From and Limitation of Liability and Villaneuva Compania Naviera, S.A., Amoco Overseas Oil Company and Amoco Transport Company, Third-Party Plaintiffs, v. BETHLEHEM STEEL CORPORATION, General Electric Company and the William Powell Company, Third-Party Defendants. Appeal of BP OIL, INC. and Sohio Petroleum Company. Appeal of BANKERS TRUST COMPANY, Monsanto Company and Keystone Shipping Co.

United States Court of Appeals, Third Circuit.

Decided May 13, 1985.

Attorney(s) appearing for the Case

James F. Young (argued), Thomas Fisher, III, Maurice J. Maley, Jr., Krusen, Evans & Byrne, Philadelphia, Pa., for appellants and cross-appellees, Bankers Trust Co., Monsanto Co. and Keystone Shipping Co.

Benjamin F. Stahl, Jr., Edward V. Cattell, Jr. (argued), Stuart M. Goldstein, W. Stanley Sneath, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for appellees and cross-appellants, BP Oil, Inc. and Sohio Petroleum Co.

Before HUNTER, HIGGINBOTHAM, Circuit Judges, and DEBEVOISE, District Judge.

OPINION OF THE COURT

A. LEON HIGGINBOTHAM, Jr., Circuit Judge:

Presently before this court is a consolidated appeal (No. 84-1052) and cross-appeal (No. 84-1051) in a protracted admiralty proceeding for limitation of or exoneration from liability pursuant to the Limitation of Liability Act, 46 U.S.C. §§ 181-195 (1982), arising out of a disastrous vessel collision which occurred over ten years ago...

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