Oil Co. Says Law Firm Stole $2.7M Escrow Fund

Law360, New York (April 16, 2013, 4:48 PM EDT) -- Oil company Endeavor Energy Resources LP on Monday sued Pittsburgh-based law firm Gatto & Reitz LLC in Pennsylvania federal court alleging the firm improperly pocketed a $2.7 million escrow fund Endeavor had created to hold bonus payments for its oil and gas transactions.

Texas-based Endeavor said it instructed Gatto & Reitz to hold the money pending the successful completion of an oil and gas lease with a Pennsylvania-based company. But the deal hasn't been completed, and Gatto & Reitz hasn't returned the funds, despite several requests...
To view the full article, register now.




Case Information

Case Title


Case Number



Pennsylvania Western

Nature of Suit

Date Filed

January 4, 2016

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.