Jury Verdict Stands In BP Oil Lease Dispute

Law360, New York (July 25, 2008, 12:00 AM EDT) -- A Texas court of appeals has affirmed a jury finding that BP America Production Co., a U.S. arm of one of the world's largest energy companies, defrauded a family that had granted it an oil and gas lease in Texas when the company effectively stopped oil production and concealed the fact that it had done so.

On Wednesday, the Fourth District of the Court of Appeals of Texas affirmed a verdict in favor of the Marshall family, who had alleged that BP America effectively cheated them...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.