Filed: Apr. 17, 2006
Latest Update: Feb. 21, 2020
Summary: United States Court of Appeals Fifth Circuit F I L E D IN THE UNITED STATES COURT OF APPEALS April 17, 2006 FOR THE FIFTH CIRCUIT Charles R. Fulbruge III Clerk No. 05-20422 Summary Calendar In the Matter of: MANDALL & WRIGHT Debtor ROBERT D RAPP Appellant, versus TUCKER, VAUGHAN, GARDNER, AND BARNES PC; JANET CASCIATO NORTHRUP Appellees. Appeal from the United States District Court for the Southern District of Texas (USDC No. 4:04-cv-4825) _ Before REAVLEY, JOLLY, and OWEN, Circuit Judges. Page
Summary: United States Court of Appeals Fifth Circuit F I L E D IN THE UNITED STATES COURT OF APPEALS April 17, 2006 FOR THE FIFTH CIRCUIT Charles R. Fulbruge III Clerk No. 05-20422 Summary Calendar In the Matter of: MANDALL & WRIGHT Debtor ROBERT D RAPP Appellant, versus TUCKER, VAUGHAN, GARDNER, AND BARNES PC; JANET CASCIATO NORTHRUP Appellees. Appeal from the United States District Court for the Southern District of Texas (USDC No. 4:04-cv-4825) _ Before REAVLEY, JOLLY, and OWEN, Circuit Judges. Page 1..
More
United States Court of Appeals
Fifth Circuit
F I L E D
IN THE UNITED STATES COURT OF APPEALS April 17, 2006
FOR THE FIFTH CIRCUIT Charles R. Fulbruge III
Clerk
No. 05-20422
Summary Calendar
In the Matter of: MANDALL & WRIGHT
Debtor
ROBERT D RAPP
Appellant,
versus
TUCKER, VAUGHAN, GARDNER, AND BARNES PC; JANET
CASCIATO NORTHRUP
Appellees.
Appeal from the United States District Court for
the Southern District of Texas
(USDC No. 4:04-cv-4825)
_________________________________________________________
Before REAVLEY, JOLLY, and OWEN, Circuit Judges.
Page 1
PER CURIAM:*1
Reviewing the record and applying the same standards as applied by the
district court, we affirm for the following reasons:
1. The pre-petition value of contingent fee contracts realized by a defunct law firm is
property of the bankruptcy estate and must be established by the trustee. Turner v.
Avery,
947 F.2d 772, 774 (5th Cir. 1991). The trustee took steps to ensure that the
estimates offered by Tucker, Vaughan were not biased against Rapp. Mr.
Vaughan submitted a sworn statement attesting to the veracity of his firm’s stage-
of-completion estimates. In addition, the trustee retained the outside firm of
Carrigan, McCloskey & Roberson to spot check a random sample of
Tucker, Vaughan’s estimates.
2. Unlike Connecticut Gen. Life Ins. Co. v. United Cos. Fin. Corp. (In re Foster
Mortgage Corp.)
68 F.3d 914 (5th Cir. 1995), this case does not involve
transactions between a subsidiary and its corporate parent. Nor were
Rapp’s interests and legal posture ignored. To the contrary, the bankruptcy judge
accepted a settlement plan in which the trustee had a different methodology for
determining the value of the pre-petition services than that which Rapp would
most prefer. Rapp has not demonstrated that the settlement approved by the
*Pursuant to 5TH CIR. R. 47.5, the Court has determined that this opinion should
not be published and is not precedent except under the limited circumstances set forth in
5TH CIR. R. 47.5.4.
Page 2
bankruptcy court rests on facts which were clearly erroneous.
Affirmed.
Page 3