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IN RE SUPERIOR OFFSHORE INTERN., INC.

No. 09-20213.

591 F.3d 350 (2009)

In the Matter of: SUPERIOR OFFSHORE INTERNATIONAL, INC., Debtor. Louis E. Schaefer, Jr.; Schaefer Holdings LP, Appellants, v. Superior Offshore International, Inc.; Official Committee of Unsecured Creditors of Superior Offshore International, Inc., Appellees.

United States Court of Appeals, Fifth Circuit.

December 14, 2009.

Attorney(s) appearing for the Case

J. Brett Busby (argued), Marcy Ellen Kurtz, William Alfred Wood, III, Bracewell & Giuliani, L.L.P., Houston, TX, for Appellants.

David Ronald Jones (argued), Joshua W. Wolfshohl, Porter & Hedges, L.L.P., Houston, TX, for Superior Offshore Intern., Inc.

Douglas S. Draper, Heller, Draper, Hayden, Patrick & Horn, New Orleans, LA, Michael David Rubenstein (argued), Liskow & Lewis, Houston, TX, for Official Comm. of Unsecured Creditors of Superior Offshore Intern., Inc.

Before JONES, Chief Judge, and SMITH and DeMOSS, Circuit Judges.

EDITH H. JONES, Chief Judge:

Louis E. Schaefer, Jr. and Schaefer Holdings, LP (collectively, the "Appellants") appeal the bankruptcy court's confirmation of Superior Offshore International, Inc.'s Chapter 11 liquidation plan. Because the plan satisfies the Bankruptcy Code provisions governing treatment of unliquidated securities suit claims, shareholder interests, and unsecured claims, the confirmation order is AFFIRMED.

I. BACKGROUND

Before bankruptcy...

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