Koch Ranch Tells 5th Circ. Damages Award Should Be Tossed

Law360, New York (February 9, 2017, 7:13 PM EST) -- A Colorado ranch owned by billionaire Bill Koch on Wednesday urged the Fifth Circuit to toss an award against it in a long-running dispute with a Texas cattle breeder over who has the rights to sell the company's specialty “Akaushi” Japanese cattle, arguing a point of Texas law.

Koch’s Bear Ranch LLC in a 70-page brief urged the Fifth Circuit to reverse and vacate a $1.825 million award of exemplary damages against it in its fight with Heartbrand Beef Inc., saying that Texas law requires an...
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