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FOLSOM METAL PRODUCTS, INC. v. TORUS EQUIPMENT CO.

No. 96-6736.

113 F.3d 212 (1997)

FOLSOM METAL PRODUCTS, INC., an Alabama Corporation, Plaintiff-Counter-Defendant-Appellee, RBOP Tools International Inc., Texas Corporation, Intervenor-Plaintiff-Appellee, v. TORUS EQUIPMENT COMPANY, Defendant-Counter-Claimant-Appellant.

United States Court of Appeals, Eleventh Circuit.

Order Denying Rehearing July 24, 1997.

Attorney(s) appearing for the Case

Michael E. Krasnow, Oklahoma City, OK, for Defendant-Counter-Claimant-Appellant.

Eddie Leitman, John J. Kubiszyn, John D. Watson, Michael Sandlin Denniston, Birmingham, AL, for Appellees.

Before BIRCH and CARNES, Circuit Judges, and GODBOLD, Senior Circuit Judge.

GODBOLD, Senior Circuit Judge:

Torus Equipment Inc. owned all rights to a complex machine used to guard against accidents in certain types of oil drilling, known as a rotating blowout preventer ("RBOP"). In 1990 Torus entered into an agreement with Seal-Tech Division of Folsom Metal Products, Inc., to sell to it "all proprietary rights" to the RBOP. The sale took place. After numerous succeeding events the parties disagreed over Seal-Tech's obligations. Seal-Tech...

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