Judge Denies New Trial For BP In $9.7M Royalty Case

Law360, New York (June 28, 2011, 9:11 PM EDT) -- A New Mexico federal judge on Tuesday refused to grant BP PLC a new trial following its $9.7 million loss in a breach of contract class action that alleged its natural gas royalty payments were too stingy.

“The court finds the motion is not well taken and it is denied,” U.S. Magistrate Judge W. Daniel Schneider said in an order refusing the company's request that he overturn a jury's March verdict.

BP had argued that evidence showing joint venture partner ConocoPhillips paid much better royalties should...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Abraham et al v. BP America Production Company


Case Number

6:09-cv-00961

Court

New Mexico

Nature of Suit

Contract: Other

Judge

W. Daniel Schneider

Date Filed

September 30, 2009

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.