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Texas Energy Co. Wants $100M For Usurped Anadarko Bid

Law360 (March 7, 2018, 5:38 PM EST) -- A Texas energy company is seeking more than $100 million in a state court suit against Anadarko Petroleum Corp. and a private equity firm it claims used confidential information about a 40,000-acre Utah oil and gas property to poach its opportunity to buy the energy assets.

Gravitas Resources Corp. alleges private equity firm Pearl Energy Investment Management LLC broke a nondisclosure agreement and wrongfully used trade secret information to buy a 40,000-acre site in Utah’s Helper and Drunkards Wash fields, owned by Anadarko. Gravitas had disclosed...
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