Law360, New York (November 09, 2009, 2:40 PM ET) -- A circuit panel has upheld a victory for ConocoPhillips Inc. over allegations of theft of data and collusion with corrupt Indonesian government officials that had allegedly netted the company $50 billion worth of oil and natural gas reserves in the Malay Archipelago.
The district court correctly found that plaintiff Oceanic Exploration Co. failed to set forth a plausible theory of proximate causation, a three-judge panel ruled in the U.S. Court of Appeals for the Fifth Circuit on Friday.
“Oceanic has attempted by various means to claim...
Conoco Off Hook For Collusion In Sea Energy Spat
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