Texas Court Axes $10M Verdict In Developer's Contract Row

Law360, New York (August 22, 2013, 4:53 PM EDT) -- A Texas appeals court on Wednesday tossed a $10 million award granted to a resort development company that accused a Dallas-based real estate firm of interfering with two luxury hotel projects in Mexico, saying the case's evidence doesn't support the company's lost profits claims.

A Dallas jury in March 2011 found that JMJ Hospitality LLC and its owner, Timothy Barton, violated a noncompete agreement with Resort Development Latin America Inc. by conspiring to interfere with Resort Development's property sale negotiations with Mexican landowners. But the Fifth...
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