Law360, New York ( August 24, 2015, 3:18 PM EDT) -- In 2008, SemCrude LP and related entities filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. In connection with the SemCrude bankruptcy, a dispute arose between dozens of oil producers that sold oil to SemCrude and two downstream purchasers (J. Aron & Co. and BP Oil Supply Co.) that purchased the same oil from SemCrude. The downstream purchasers filed adversary proceedings in SemCrude's bankruptcy case, seeking various forms of declaratory relief with respect to their rights in the disputed oil and their obligations (if any) to the producers. The producers also filed adversary proceedings, alleging that the downstream purchasers violated the producers' liens in the oil and conspired with SemCrude in order to defraud the producers....