Judge Tosses Another Kazakh Oil Profits Suit

Law360, New York (March 31, 2011, 1:50 PM EDT) -- A litigious oil and gas expert on Wednesday lost yet another attempt to cash in on the development of lucrative Kazakhstan oil fields, with a New York federal judge ruling in favor of his former business partner, a BP PLC predecessor.

In granting BP's motion for summary judgment, Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said there was no direct evidence that BP predecessor Atlantic Richfield Co. used confidential information obtained by Jack J. Grynberg to evaluate...
To view the full article, register now.