Texas Billionaire Eyes Appeal Of $116M Fraud Verdict

Law360, New York (March 30, 2011, 3:43 PM EDT) -- Dallas oil tycoon Trevor Rees-Jones is set to challenge a $116 million fraud verdict that he swindled a former partner out of his share of a company Devon Energy Production Co. LP later acquired for $2.2 billion, the defendant's attorney said Wednesday.

If Judge R.K. Sandill enters judgment for plaintiff D. Bobbitt Noel Jr. in the District Court of the 127th Judicial District of Harris County, Texas — finalizing the $116 million figure — Rees-Jones is certain to appeal the matter, according to his counsel, Thompson...
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