Gas Station Seller Owes $1.5M For Contract Breach: Judge

Law360, Wilmington (July 1, 2013, 9:31 PM EDT) -- A Delaware Chancery judge ruled Monday that the former owner of a gas station chain that allegedly made false statements about its environmental record is off the hook on fraud claims but must pay $1.5 million for breach of contract to the company that bought the business in 2007.

In a suit brought by Universal Enterprise Group against Duncan Petroleum Corp., Vice Chancellor J. Travis Laster ruled that Universal did prove that Duncan knowingly made false statements when selling the gas station chain, but the buyer's...
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