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5th Circ. Upholds $36M Contract Damages Against PE Co.

By Michelle Casady (March 25, 2021, 10:44 PM EDT) -- A Dallas-based private equity firm can't duck a $35.5 million judgment against it in a contract dispute over offshore oil and gas exploration projects, a panel of Fifth Circuit judges ruled on Thursday, rejecting all its attacks on the award, including that the companies involved in the case never asked for payment....

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