Texas Court Urged To Nix $100M Suit Over Failed Energy Deal

Law360, Houston (September 18, 2013, 9:54 PM EDT) -- A Canadian oil and gas company urged a Texas appeals court on Wednesday to release it from a $100 million suit launched by a rival it had beat out in a bidding war for a Nabors Industries Inc. subsidiary, saying it cannot be sued in the state.

Parex Resources Inc. told the Fourteenth District Court of Appeals that after it emerged the victor in a bidding war to acquire Ramshorn International Ltd. from Nabors, ERG Resources LLC sued it and Bermuda-based Ramshorn in Texas, even though...
To view the full article, register now.