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West African Ventures v. SunTx Capital Partners
Case Number:
20-20196
Court:
Nature of Suit:
-
March 25, 2021
5th Circ. Upholds $36M Contract Damages Against PE Co.
A Dallas-based private equity firm can't duck a $35.5 million judgment against it in a contract dispute over offshore oil and gas exploration projects, a panel of Fifth Circuit judges ruled on Thursday, rejecting all its attacks on the award, including that the companies involved in the case never asked for payment.
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August 11, 2020
PE Firm Urges 5th Circ. To Nix $36M Damages In Contract Row
A Dallas-based private equity company on Monday told the Fifth Circuit it shouldn't owe $35.5 million in damages following a contract dispute over offshore oil and gas exploration, saying the money was never sought and the award was based on testimony excluded by the court.