Holloway v. HECI Exploration Co. Employees' Profit Sharing Plan
This case involves an appeal challenging a bankruptcy court's authority and its judgment concerning ERISA profit-sharing plan benefits. Pat S. Holloway, a former president of HECI Exploration Company, Inc., sought to recover benefits from the HECI Employees’ Profit Sharing Plan after being excluded from a partial distribution. The bankruptcy court determined the proceeding was 'related' but not 'core' and entered a final judgment finding Holloway was a qualified participant but had waived his right to the June 1984 distribution. The district court affirmed the bankruptcy court's judgment, concluding that the Plan had effectively waived its right to an Article III determination and that the bankruptcy court's waiver findings were not clearly erroneous under Texas common law, which the parties stipulated to implicitly.