Gavilon Wins Judgment In Crude Contract Suit

Law360, New York (June 4, 2009, 12:00 AM EDT) -- A federal judge has granted summary judgment in favor of plaintiff Gavilon LLC – formerly ConAgra Trade Group Inc. – in a multimillion-dollar contract dispute over crude oil options, leaving only the damages portion of the energy trader and distributor's lawsuit for trial.

"There is no question” that the defendant, Colorado-based Fuel Exploration LLC, failed to perform under a 2007 master agreement between the parties, Judge Christine M. Arguello ruled Wednesday in the U.S. District Court for the District of Colorado.

The plaintiff sued in November...
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