Texas Justices Asked To Ax $5M Award In Gas Reservoir Row

Law360, New York (February 25, 2014, 5:21 PM EST) -- An investor in a gas reservoir asked the Texas Supreme Court on Monday to overturn a $4.9 million jury award against him and other investors for allegedly misappropriating a seismic map of Ricochet Energy Inc.’s property, saying the appeals court ruling that upheld the verdict conflicted with other courts’ opinions.

Former Ricochet partner Thomas Lamont, business associate Rosendo Carranco and two affiliated entities argued to the state’s high court that the Fourth Court of Appeals’ September ruling, which held the investors did not have Ricochet's authority...
To view the full article, register now.