I'd say $200 per shareholder in damages is easily seen in the case(on the light side).... 250k to 500k in attorney fees...
8000 x $ 200 = 1.6 million
375k in attorney fees
1.975 million. on the very light side....
And if the Judge is pissed (he most likely is) $1000 to $2000 a shareholder and triple that....
You're talking tens of millions....
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA
In Re: No. 13-11238
TREATY ENERGY CORPORATION, Section “ B ” Debtor Chapter 7
NOTICE OF HEARING
NOTICE IS HEREBY GIVEN that Treaty Energy Corp. has filed a Motion to Reopen Case in order for the court to consider a Motion for Damages against the Petitioning Creditors and their attorney, pursuant to 11 U.S.C. Sec. 303(i).
NOTICE IS FURTHER GIVEN that, if granted, the Court will reopen this Chapter 7 proceeding to consider the aforesaid referenced motion for damages.
NOTICE IS FURTHER GIVEN that any Opposition to this Motion must be filed with this Court and with the movant’s attorney, Thomas E. Schafer, III, 328 Lafayette Street, New Orleans, Louisiana, 70130, no later than seven (7) days prior to the hearing.
NOTICE IS FURTHER GIVEN that a hearing will be held at the U.S. Bankruptcy Court, 500 Poydras Street, Room B-705, New Orleans, Louisiana, on the 18th day of December, 2013, at 9:00 a.m.
New Orleans, Louisiana, this 14th day of November, 2013.
THOMAS E. SCHAFER, III Attorney for Debtor-in-Possession 328 Lafayette Street New Orleans, LA 70130 (504) 522-0203 – La. Bar No. 11755
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