Jury rejects $56M lawsuit against San Marcos fracking company

A jury has cleared a San Marcos company of wrongdoing in a $56 million lawsuit related to a disputed agreement to sell two fracking companies.
The suit was filed in 2015 in Travis County District Court by Republic Capital Group LLC and its principal Patrick McDavid against Northwoods Energy LLC, led by Zach Potts and based in the Hays County seat about 30 miles south of downtown Austin.
The suit alleged the defendants fraudulently convinced McDavid to sever his ownership in two saltwater disposal…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/03/21/jury-rejects-56m-lawsuit-against-san-marcos.html?ana=RSS%26s=article_search

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