Kinder Morgan Settles $45M Pipeline Cost Overrun Suit

Law360, Houston (September 17, 2012, 8:09 PM EDT) -- A Kinder Morgan Inc. subsidiary on Friday settled a $45 million suit against a general contractor that charged more than double its bid to construct a 135-mile natural gas pipeline, ending three years of litigation in Texas court on the eve of trial.

Kinder Morgan Louisiana Pipeline LLC and Latex Construction Co. announced to the court that they had settled a dispute over millions in cost overruns related to the Kinder Morgan Louisiana Pipeline, eliminating the need for a trial that was to start Monday morning....
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