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{"id":13656,"date":"2014-09-29T11:34:34","date_gmt":"2014-09-29T11:34:34","guid":{"rendered":"http:\/\/www.seonewswire.net\/2014\/09\/appeal-expected-in-multi-million-dollar-case-over-pipeline-partnership\/"},"modified":"2014-09-29T11:34:34","modified_gmt":"2014-09-29T11:34:34","slug":"appeal-expected-in-multi-million-dollar-case-over-pipeline-partnership","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2014\/09\/appeal-expected-in-multi-million-dollar-case-over-pipeline-partnership\/","title":{"rendered":"Appeal Expected in Multi-Million Dollar Case Over Pipeline Partnership"},"content":{"rendered":"

After a March jury verdict of $319 million in damages, an appeal is expected in a Texas business litigation case that could lead to a $500 million final judgment against the defendant.<\/p>\n

The case revolves around partnership status between companies. The courts who have tried it already have had to decide whether conduct that may have indicated a partnership (to build a pipeline) trumps a written agreement that allegedly precluded a partnership.<\/p>\n

Energy Transfer Partners (ETP) alleged that it formed a legal partnership with Enterprise Product Partners in 2011 to jointly build an oil and gas pipeline. Enterprise then allegedly broke off the partnership to pursue similar plans with Enbridge Inc.\u00a0<\/p>\n

ETP sued Enterprise and Enbridge, alleging tortious interference. ETP also alleged breach of contract and breach of fiduciary duties against Enterprise. Enterprise denied the allegations and argued that no partnership had been formed; the companies had not received approval from their boards for (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After a March jury verdict of $319 million in damages, an appeal is expected in a Texas business litigation case that could lead to a $500 million final judgment against the defendant. The case revolves around partnership status between companies.…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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