Mountain V Drills Into Kingsly In Contract Spat

Law360, New York (April 14, 2010, 12:22 PM EDT) -- Mountain V Oil & Gas Inc. is asking for summary judgment in a breach of contract suit brought against the company by Kingsly Compression Inc. over the lease of a 2,000 horsepower Kingsly natural gas compressor.

Mountain V asked the U.S. District Court for the Western District of Pennsylvania on Tuesday to award it summary judgment on both Kingsly's allegations and Mountain V's own counterclaim alleging Kingsly failed to make the unit available in a timely manner.

Kingsly sued for breach of contract and promissory estoppel...
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