Thompson & Knight Fights Patriot's Award In Gas Sale Row

Law360, Dallas (March 26, 2014, 8:30 PM EDT) -- Thompson & Knight LLP on Wednesday told a Texas appeals court there’s no evidence supporting a $960,000 judgment against the firm after its bad advice allegedly caused a delay in the sale of oil and gas assets owned by Patriot Exploration LLC.

The firm’s general counsel, G. Luke Ashley, argued that testimony about the damages Patriot suffered from a five-and-a-half-month delay in closing the sale used an improper valuation by its expert witness that overvalued production from wells drilled on the property and didn’t take higher...
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