5th Circ. Slams Williams' Rehearing Bid In Oil Credit Row

Law360, Houston (August 6, 2013, 8:26 PM EDT) -- The Fifth Circuit ruled for a second time Tuesday that Anadarko Petroleum Corp. is owed $9.1 million in shipping credits from the Williams Companies Inc. under agreements to transport crude oil through the Trans-Alaska Pipeline System, slamming Williams' argument that the decision runs afoul of Texas law.

Attorneys for Williams "misleadingly" suggested that a comment contained in the Texas Business and Commerce Code indicates the appeals court should have found the agreements to be ambiguous before considering evidence of the companies' historical business dealings, the Fifth...
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