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IN RE UNITED OPERATING, LLC

No. 07-51074.

540 F.3d 351 (2008)

In the Matter of: UNITED OPERATING, LLC, Debtor. Dynasty Oil and Gas, LLC, Appellant, v. Citizens Bank; Charles Spradlin; Wildcat Energy, LLC; Roger L. Becker, Appellees.

United States Court of Appeals, Fifth Circuit.

August 12, 2008.

Attorney(s) appearing for the Case

Robert Keith Whitt (argued), Midland, TX, for Appellant.

Robert Allen Sherman (argued), Carthage, TX, for Citizen Bank and Spradlin.

Julia Joplin Swallow (argued), Hinkle, Hensley, Shanor & Martin, Midland, TX, for Wildcat Energy, LLC and Becker.

Before JONES, Chief Judge, and WIENER and CLEMENT, Circuit Judges.

EDITH H. JONES, Chief Judge:

Dynasty Oil and Gas ("Dynasty") survived as a shell corporation after all of its assets were liquidated in a Chapter 11 bankruptcy. The bankruptcy court granted summary judgment against Dynasty's post-confirmation attempt to sue the Appellees for their alleged mismanagement of its property during the reorganization. We affirm the judgment for the following reasons.

BACKGROUND

In early 2004, Dynasty filed a Chapter 11...

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