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DENKMANN ASSOCIATES v. IP TIMBERLANDS OPERATING CO.

No. 96 CA 2209.

710 So.2d 1091 (1998)

DENKMANN ASSOCIATES, Denmiss Corporation and the 48 Individual Mineral Owners v. IP TIMBERLANDS OPERATING CO., LTD. and International Paper Company.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied April 24, 1998.

Attorney(s) appearing for the Case

Tom F. Phillips, John R. Tharp and Margaret L. Tooke, Baton Rouge, Kathryn E. Jones, Clinton, Ross F. Bass, Jr., Jackson, MS, James A. Smith, Jr., Seattle, WA, Luther F. Cole, Baton Rouge, for Plaintiffs-Appellants Denkmann Associates, Denmiss Corp. and the Individual Mineral Owners.

Phillip A. Wittmann and Richard C. Stanley, New Orleans, William G. Carmichael, Clinton, Michael H. Rubin and Paul S. West, Baton Rouge, for Defendants-Appellees IP Timberlands Operating Company, Ltd. and International Paper Company.

Before LOTTINGER, C.J., and LeBLANC and FITZSIMMONS, JJ.

LOTTINGER, Chief Judge.

This is a suit for declaratory judgment seeking a judicial interpretation of a purchase option clause contained within a longterm lease contract affecting some 95,000 acres of non-contiguous timberlands situated in five Louisiana parishes.1 The plaintiffappellants are Denkmann Associates, Denmiss Corporation and 48 individual mineral distributees (hereafter, collectively referred to as "Denkmann" or "plaintiffs...

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