(September 28, 2016, 12:54 PM EDT) -- NEW ORLEANS — The insurer of the manufacturer of a defective machine and a doomed a cottonseed processing company briefed the Fifth Circuit U.S. Court of Appeals recently over whether Louisiana law requires full payment of attorney fees earned under a contingency fee agreement (Hollybrook Cottonseed Processing LLC v. American Guarantee & Liability Insurance Co., No. 15-31090, 5th Cir.).

A group of Lake Providence, La., residents formed Hollybrook Cottonseed Processing, a cottonseed manufacturing business. As part of the process, Hollybrook purchased delinting equipment from Carver Inc....