How a Broker Pocketed Thirteen Million Dollars

Podcast: Swear on the Stand · Daniel W. Swear

Opublikowano: 2026-10-16

The Fifth Circuit Court of Appeals reviewed a legal dispute involving SEACOR Marine and GOL, a maritime broker that secured vessel charters for oil and gas companies like Cox Operating. After Cox filed for bankruptcy, it issued a $13 million partial payment toward GOL’s massive prepetition claim, which included roughly $2.7 million owed to SEACOR for unpaid services. Although GOL collected these funds, it distributed the money entirely to itself and closely related corporate entities while giving nothing to SEACOR. The district court previously granted summary judgment in favor of GOL, concluding that it was not explicitly paid for SEACOR’s in...