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Ensign, Exec Must Pay $16M To Man Fired Before $52M Deal

Law360, Los Angeles (October 3, 2014, 9:03 PM EDT) -- A Texas state court has ordered Ensign Services LLC and a vice principal of the energy company to pay roughly $16 million to a former employee of FE Services LLC for cutting him out of Ensign’s $52 million purchase of the Texas oil company.

FE Services, which did business as Foxxe Energy, was founded by James Stewart, who induced friend Marc Jan Levesconte to work for the company, promising a cut of any future sale, only to fire Levesconte right before Canadian energy firm Ensign’s acquisition, according to Levesconte’s suit.

In Monday’s entry of final judgment — filed more than two...

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