$42M Verdict Against BP Stands In Suit Over Plant Sale

Law360, New York (March 26, 2010, 4:02 PM EDT) -- A federal judge has rejected a retrial bid by BP Amoco Chemical Co. following a $41.7 million jury verdict in favor of Flint Hills Resources LLC, which had brought breach of contract claims alleging that a chemical plant acquired from BP Amoco in a $300 million asset deal did not live up to its billing.

Judge Amy St. Eve of the U.S. District Court for the Northern District of Illinois on Thursday denied BP Amoco's motions for judgment as a matter of law and a new...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.