Marcellus Shale Investors Seek $21M From JV Partner

Law360, Dallas (November 12, 2013, 8:16 PM EST) -- A Dallas real estate firm and energy investor told a jury Tuesday that they're entitled to $21 million in profits from a group of Marcellus Shale gas leases, claiming they were defrauded out of their share of profits by their former partner in a joint venture.

BV Real Estate Management Inc. and BV Energy Partners LP claim Richard M. Cheatham, an independent oil and gas investor who organized a number of West Virginia investments with them, owes them a third of the net profits from a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.