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

#Austin Check out URLinkedUp > http://www.urlinkedup.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s