Longview Energy Company, a Dallas-based oil and gas company, has been awarded a $162 million verdict by a South Texas jury that determined that two of the corporation’s directors had been unjustly enriched through the abuse of their authority over the firm’s operations in the Eagle Ford Shale.<\/p>\n
The case, decided in Zavala County, in the District Court for the 365th Judicial District, is Longview Energy Company v. The Huff Energy L.P., Riley-Huff Energy Group LLC, William R. \u201cBill\u201d Huff and Rick D’Angelo<\/em>.<\/p>\n The jury found that the defendants abused their positions as directors of the company, breaching their fiduciary duties and misusing proprietary and confidential information.<\/p>\n The Eagle Ford Shale, in South Texas, is an oil and natural gas field in at least 24 counties.\u00a0 Wells in the northern portions of the Eagle Ford often produce more oil while those in the southern sections generally produce more gas.<\/p>\n