Texas Appeals Court Kills Suit Over Failed Conoco Deal

Law360, New York (February 25, 2010, 2:07 PM EST) -- A Texas appeals court has affirmed victories for ConocoPhillips Co. and Targa Resources Texas GP LLC in WTG Gas Processing LP's suit accusing the oil companies of conspiring to block WTG's $150 million agreement to purchase a natural gas processing facility owned by ConocoPhillips.

The 14th Court of Appeals of Texas on Tuesday upheld a trial court's October 2007 final judgment tossing breach of contract, fraud and negligent misrepresentation claims WTG brought against ConocoPhillips for pulling out of a $148.4 million purchase agreement, as well as...
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