Strategic Energy Told To Pay Circa $1M In Commissions

Law360, New York (November 25, 2009, 12:59 PM EST) -- A federal magistrate judge has ordered Strategic Energy LLC to pay Provident Financial Inc. more than $929,000 in a breach of contract lawsuit brought by the financial services company that accuses the electricity services provider of withholding commissions.

Magistrate Judge Jeff Kaplan's ruling, issued Tuesday in the U.S. District Court for the Northern District of Texas, also ordered Strategic Energy to pay the third party, SMI Marketing Inc., more than $60,000.

According to the operative complaint in the case, filed in November 2007, Texas-based SMI Marketing...
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