Oil Co. Says Law Firm Stole $2.7M Escrow Fund

Law360, New York (April 16, 2013, 4:48 PM EDT) -- Oil company Endeavor Energy Resources LP on Monday sued Pittsburgh-based law firm Gatto & Reitz LLC in Pennsylvania federal court alleging the firm improperly pocketed a $2.7 million escrow fund Endeavor had created to hold bonus payments for its oil and gas transactions.

Texas-based Endeavor said it instructed Gatto & Reitz to hold the money pending the successful completion of an oil and gas lease with a Pennsylvania-based company. But the deal hasn't been completed, and Gatto & Reitz hasn't returned the funds, despite several requests...
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