Touradji Freed Of Some Claims In Ownership Spat

Law360, New York (April 12, 2010, 7:03 PM EDT) -- A Texas appeals court has cut some claims against hedge fund manager Paul Touradji in a dispute over the ownership of an oil exploration company and the distribution of $41 million in proceeds from a sale of that company's assets, accepting part of his argument regarding the lower court's jurisdiction.

The Court of Appeals for the First District of Texas on Thursday concluded that plaintiffs Beach Capital Partnership LP, Playa Oil & Gas GP LLC, Playa Oil & Gas LP, and Gary M. Beach failed to...
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