Alliance Calls For Arbitration Over Oil Fraud Claims

Law360, New York (May 22, 2009, 12:00 AM EDT) -- Alliance Royalties Inc. has fired off a suit against oil and gas purchaser Noble Royalties Inc. and founder A. Scott Noble, demanding arbitration to get to the heart of an alleged fraud that led Alliance to invest in various oil and gas properties and resulted in millions being skimmed off the top.

Alliance filed its suit Thursday in the U.S. District Court for the Northern District of Texas against Noble, Noble Royalties and Compass Royalty Management LLC, seeking a declaratory judgment and attempting to force the...
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