Texas Oil & Gas Services Biz Dispute Ends In $31M Verdict

By Morgan Conley (April 21, 2021, 9:16 PM EDT) -- A Texas state jury found that an oil and gas electrical equipment company's majority owner failed to act in the company's best interest, and awarded about $31 million to a partial owner of the company and to the company itself.

The jurors deliberated for about six hours on Tuesday before unanimously finding that Lee Burkett, the majority owner of L&S Pro-Line LLC, breached his fiduciary duty to the company and caused it to violate its contract with partial owner Garrett Gagliano.

The jury found Burkett and L&S Pro-Line liable for a total of $5.6 million in actual damages for withheld payments...

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