$5M Award Affirmed In Texas Gas Reservoir Row

Law360, New York (September 18, 2013, 3:56 PM EDT) -- A Texas state appeals court affirmed a $4.9 million jury award Wednesday in a trade secrets case against investors in a gas reservoir, finding they misappropriated a seismic map of the property from Ricochet Energy Inc. and used it to drain the reservoir to Ricochet's detriment.

A three-judge panel of the Fourth Court of Appeals said the jury reasonably concluded that Thomas Lamont, a former Ricochet partner; Rosendo Carranco; and two affiliated entities did not have authority from Ricochet to use the map of the Lopeno...
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