Castex Settles Mirant Claims In $126M Mineral Deal Suit

Law360, Dallas (January 9, 2013, 8:50 PM EST) -- Castex Energy Inc. on Wednesday settled a $126 million suit brought by a successor to bankrupt Mirant Corp. that challenged a Castex sale of Louisiana mineral rights, after a Texas federal judge delayed the trial's opening to allow settlement talks to continue, attorneys said.

Opening arguments in the trial were set to begin Wednesday morning, but U.S. District Court Judge Terry Means sent jurors home from the courthouse about 10 a.m. to give attorneys a chance to continue settlement talks. By afternoon, the parties reached a...
To view the full article, register now.