Carlton Wins $83.5M In Energy Project Contract Dispute

Law360, New York (February 14, 2012, 5:23 PM EST) -- A Texas appeals court on Tuesday awarded $83.5 million in damages to Carlton Energy Group LLC in a contract dispute over the funding of an energy project in Bulgaria, more than doubling the actual damages to $66.5 million after a trial court awarded about $31 million.

Although Carlton was first awarded the full $66.5 million, it accepted the trial court's suggestion to lower the damages in lieu of starting a new trial in a dispute alleging Phillips Oil Interests LLC breached its contract with Carlton and...
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