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IN RE CARIBBEAN PETROLEUM LP

Bankruptcy No. 01-11657, Adversary No. 03-60024, CIV. No. 04-442-SLR.

322 B.R. 726 (2005)

In re CARIBBEAN PETROLEUM LP, et al., Debtors. Hernan Serrano, et al., Plaintiffs, v. Gulf Chemical Corporation, Ltd., Defendant.

United States District Court, D. Delaware.

March 31, 2005.

Attorney(s) appearing for the Case

Laura Davis Jones, Esquire and Bruce Grohsgal, Esquire of Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C., Wilmington, DE, Andrew Caine, Esquire and J. Rudy Freeman, Esquire of Pachulski, Stand, Ziehl, Young, Jones & Weintraub, Los Angeles, CA, for Plaintiff.

William D. Sullivan, Esquire and Charles J. Brown, III, Esquire of Elzufon Austin Reardon Tarlov & Mondell, P.A., Wilmington, DE, Stephen F. Gordon, Esquire and Leslie F. Su, Esquire of Gordon Haley LLP, Boston, MA, for Defendant.

MEMORANDUM OPINION

SUE L. ROBINSON, Chief Judge.

I. INTRODUCTION

On December 13, 2001, Caribbean Petroleum LP ("Caribbean"), Caribbean Oil LP ("Caribbean Oil"), Caribbean Petroleum Refining LP ("CPR"), Gulf Petroleum (Puerto Rico) Corporation ("Gulf Petroleum") and Caribbean Petroleum Corporation ("CPC"), collectively referred to as "debtors," filed a voluntary petition for relief under chapter 11...

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