Texas Jury Awards Enercorp $9.3M In Bakken Lease Fight

Law360, Los Angeles (April 1, 2016, 9:48 PM EDT) -- A Texas federal jury on Thursday awarded $9.3 million to U.S. Enercorp Ltd. for lost profits after another investor in Bakken shale swept in to take over some of its leases for land, interfering with its existing contracts and compromising a proposed sale of the oil country properties.

The jury found after a two-week trial that began on March 18 that Ringo Shapiro and his companies had wrongfully persuaded a broker acquiring leases for Enercorp to hand over some of those leases after Enercorp had already paid for them, intervening in Enercorp’s contract with the broker, according to the verdict form....

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