LOUISIANA LAND & EXPLORATION CO. v. PENNZOIL EXPLOR. AND PRODUCTION CO.

Civil Action No. 96-1779.

982 F.Supp. 398 (1997)

LOUISIANA LAND AND EXPLORATION COMPANY v. PENNZOIL EXPLORATION AND PRODUCTION COMPANY.

United States District Court, E.D. Louisiana.

October 27, 1997.


Attorney(s) appearing for the Case

Charles Donald Marshall, Jr., Robert Timothy Lorio, Milling, Benson, Woodward, Hillyer, Pierson & Miller, New Orleans, LA, for Plaintiff.

Joe B. Norman, Michael D. Rubenstein, Liskow & Lewis, New Orleans, LA, Frank P. Simoneaux, Stephen Craig Carleton, Simoneaux & Carleton, LLC, Baton Rouge, LA, for Defendant.


ORDER AND REASONS

FALLON, District Judge.

Before this Court are both plaintiff's and defendant's motions for partial summary judgment on the issue of interest on retained proceeds. For the following reasons, plaintiff's motion is GRANTED, and defendant's motion is DENIED.

I. BACKGROUND

The issue before the Court is whether or not Pennzoil Exploration and Production Company ("Pennzoil") is legally entitled to interest on funds...

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