Texas Calls $28M Value Dip Over Highway Project 'Speculative'

Law360 (November 5, 2019, 7:07 PM EST) -- "Speculative" damages estimates skewed a Texas jury's $28.8 million verdict for the owner of a proposed housing development that alleged a highway project drastically reduced the value of the site, the state of Texas argued on Tuesday.

Texas asked a three-judge panel of the First Court of Appeals in Houston to order a new trial in the lawsuit brought by developer CC Telge Road LP over the Grand Parkway toll road. In oral arguments, Texas told the court that the jury's February 2018 verdict rests on improper testimony and insufficient evidence.

"Simply put, they are assuming way too much," Glorieni Azeredo of...

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