Noble Energy Says PITCO Liable For Dore Settlement

Law360, New York (May 8, 2009, 12:00 AM EDT) -- Noble Energy Inc. has filed a suit to get reimbursement from The Prospective Investment and Trading Co. for a settlement Noble paid out to Dore Energy Corp. in a lawsuit Dore brought against Noble and numerous others — including Exxon Mobil Corp. — over alleged environmental contamination.

Houston-based Noble Energy filed the lawsuit on Thursday in the U.S. District Court for the Western District of Louisiana.

Dore's case against Noble went to trial in Louisiana state court in April, but the parties struck a confidential settlement...
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