IN RE TORCH OFFSHORE, INC.

No. CIV.A. 05-2193, Bankruptcy No. 05-10140, Bankruptcy No. 05-10137, Bankruptcy No. 05-10138.

327 B.R. 254 (2005)

In re: TORCH OFFSHORE, INC. Torch Offshore, L.L.C. Torch Express, L.L.C.

United States District Court, E.D. Louisiana.

June 24, 2005.


Attorney(s) appearing for the Case

Alan Harry Goodman, David F. Waguespack, Stephen R. Remsberg, Lemle & Kelleher, LLP, New Orleans, LA, for Official Committee of Unsecured Creditors of Torch Offshore, Inc., Torch Offshore, LLC, and Torch Express, LLC, Appellant.

Jan Marie Hayden, Clayton Thomas Hufft, Heller, Draper, Hayden, Patrick & Horn, LLC, New Orleans, LA, Stewart Foster Peck, Christopher Todd Caplinger, Jennifer M. Stierman, Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, New Orleans, LA, for Torch Offshore, Inc., Torch Offshore LLC, Torch Express LLC, Appellees.

William Thomas Finn, Leann Opotowsky Moses, Carver, Darden, Koretzky, Tessier, Finn, Blossman & Areaux, New Orleans, LA, for Regions Bank, Appellee.

Henry A. King, Anne Elizabeth Briard, Michael L. Vincenzo, Robert J. Burvant, Robert J. Stefani, Jr., King, LeBlanc & Bland, LLP, New Orleans, LA, for General Elec. Capital Corp., appellee.

Edward Henry Arnold, III, Seth Adam Levine, Baker Donelson Bearman Caldwell & Berkowitz, PC, New Orleans, LA, for Export Development Canada, appellee.

Daniel Alfred Tadros, Harry Ross Holladay, Scott Allen Soule, Chaffe, McCall, Phillips, Toler & Sarpy, LLP, New Orleans, LA, for C-MAR America, Inc., appellee.

Paul J. Goodwine, Schully, Roberts, Slattery, Jaubert & Marino, New Orleans, LA, for Cal Dive Intern., Inc., appellee.

Richard K. Leefe, Leefe, Gibbs, Sullivan, Dupre & Aldous, Metairie, LA, EPIC Divers Inc, appellee.


OPINION

LEMMON, District Judge.

The bankruptcy court's orders approving the sales of the debtor's assets under 11 U.S.C. § 363 (Documents 827, 828, 829, 830, and 832) and the bankruptcy court's order approving the General Electric Capital Corporation settlement (Document 677) are AFFIRMED. The Committee's request for a stay pending appeal to the United States Court of Appeals for the Fifth Circuit is DENIED.

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