American Tank & Vessel Deals Blow To Contractor's $20M Suit

Law360, New York (May 25, 2012, 9:27 PM EDT) -- A Texas state judge ruled Tuesday that a former contractor’s claim for $20 million in consulting fees from American Tank & Vessel Inc. is likely offset to some degree because he caused the company to lose an oil pipeline contract with the Ghanaian government.

Special Master of Chancery Mark Davidson found that consultant Peter Addo breached his fiduciary duty to the company when he helped a competitor procure an oil pipeline project in Ghana that he was supposed to be securing for American Tank & Vessel....
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