Texas Justices Will Hear $66.5M Gas Field Contract Row

Law360, New York (March 29, 2013, 2:53 PM EDT) -- The Texas Supreme Court agreed Friday to tackle the issue of whether the market value of a lost asset equates to lost future profits in a breach of contract dispute that yielded a $66.5 million judgment for Carlton Energy Group LLC over a scuttled Bulgarian gas-field venture.

The Texas Supreme Court will take up the issue of whether there was enough evidence to support a state appeals court affirming a jury verdict resulting in a $66.5 million actual damages award for Carlton in its suit accusing...
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