ETP Expected To Win More Than $500M In Pipeline Case

Law360, Dallas (July 24, 2014, 12:15 AM EDT) -- A Texas judge is expected to award Energy Transfer Partners LP more than $500 million after the company won a jury finding that Enterprise Products Partners LP had breached a partnership agreement to build a crude oil pipeline, sources say.

According to sources familiar with the matter, Dallas County District Judge Emily Tobolowsky plans to award ETP $319.4 million in damages for the breach of the partnership agreement, in line with a jury’s March verdict. The judge also intends to award $150 million in disgorgement of the profits Enterprise is projected to make from a separate crude oil line it built...

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