DALLAS, TX, March 08, 2013 (Press-News.org) Longview Energy Co.'s $162 million verdict in a breach of fiduciary duty case has been listed by The National Law Journal as the 15th largest verdict of 2012 in the publication's annual report on "Top Verdicts of the Year." Longview Energy was represented by Craig B. Florence and Randy D. Gordon of Gardere Wynne Sewell LLP and Mikal Watts and Frank Guerra of Watts Guerra Craft LLP. The final judgment value of more than $500 million is believed to be the largest ever involving the Eagle Ford Shale.
"This case reaffirmed the importance of corporate fidelity and the consequences of straying from your responsibilities," Mr. Florence says. "Once you commit to a board and its shareholders, your loyalty cannot be compromised."
On June 2, 2012, jurors in Longview Energy Company v. The Huff Energy Fund L.P., WRH Energy Partners, LLC, Riley-Huff Energy Group LLC, William R. "Bill" Huff and Rick D'Angelo found that directors Bill Huff and Rick D'Angelo used The Huff Energy Fund portfolio company Riley-Huff Energy Group to breach their fiduciary duty by covertly securing approximately 46,000 Eagle Ford leasehold acres that were being explored by Longview Energy.
According to court records, Mr. Huff and Mr. D'Angelo encouraged Longview Energy to explore an investment in the Eagle Ford Shale. However, shortly before the Longview Energy board was to make its final vote on the investment, Huff Energy and Mr. D'Angelo directed Riley-Huff Energy to begin purchasing the same leases.
Judge Amado Abascal of the 365th Judicial District Court in Zavala County ordered Riley-Huff Energy Group to transfer title to the Eagle Ford leased acres and all related wells and production facilities to Longview Energy. Additionally, Mr. Huff, Mr. D'Angelo, The Huff Energy Fund, WRH Energy Partners and Riley-Huff Energy Group were ordered to pay Longview Energy $95.5 million for past revenues, along with production proceeds earned from the leasehold acres since the June jury verdict, an estimated $5 million per month. The judgment also carried an award of 5 percent annual post-judgment interest.
Gardere Wynne Sewell LLP, an Am Law 200 firm founded in 1909 and one of the Southwest's largest full-service law firms, has offices in Austin, Dallas, Houston and Mexico City. Gardere provides legal services to private and public companies and individuals in areas of corporate, litigation, energy, tax, real estate, financial services, government affairs, hospitality, intellectual property, labor and employment, and environmental. For more information, contact Dorothy L. Seals at 214.999.4019 or dseals@gardere.com.
Gardere Victory Listed in The National Law Journal Top 100 Verdicts of 2012
Longview Energy Co. breach of fiduciary duty verdict helps place Gardere Wynne Sewell in the top 15 of The National Law Journal's Top 100 Verdicts of 2012.
2013-03-08
ELSE PRESS RELEASES FROM THIS DATE:
Omnica Helps Bookstore Eason Improve Customer Experience
2013-03-08
Eason, the leading retail bookstore in Ireland and Northern Ireland, has launched a new ecommerce website supported by multi-channel retail specialist, Omnica.
As well as an exciting new look and feel, the freshly launched website includes an updated product range, improved search functionality and greater online accessibility making it easier for customers to find what they are looking for. The implementation is part of the company's comprehensive strategy to improve its technology base in support of Eason's multichannel operations - it is replacing a number of disparate ...
New Mobile Scheduling Apps from Appointment-Plus Growing in Popularity Among Personal Fitness Trainers
2013-03-08
Given their mobile nature, personal fitness trainers are rarely found behind a desk or in front of a computer during their workday, which makes scheduling workout sessions with their clients a seemingly impossible task. That's why more and more exercise professionals nationwide and in 15 countries worldwide are downloading mobile scheduling apps from Appointment-Plus, personal training software to help them manage their appointment-scheduling more efficiently and effectively.
Appointment-Plus online appointment scheduling software has been a natural fit with personal ...
HomeTech Receives Houzz's 2013 "Best of Houzz" Award
2013-03-08
HomeTech Renovations, Inc. of Fort Washington, PA has been awarded "Best of Houzz" 2013 by Houzz, the leading online platform for residential remodeling and design. The 28-year old kitchen and bath design/build firm was chosen by the more than 11 million monthly users that comprise the Houzz community.
The Houzz "Best of Houzz" award for 2013 is given in two categories: CUSTOMER SATISFACTION and DESIGN. CUSTOMER SATISFACTION award winners are based on homeowner members who rated their experience working with remodeling professionals in 12 categories ...
WellWorks Inc. Announces Projected Company Growth for 2013
2013-03-08
WellWorks Inc, a full-service corporate wellness provider, projects its 2013 customer base will increase by 100 percent. Beginning in February of 2012, WellWorks opened their doors with an initial client base which included 48 members. This number grew to more than 3,000 from 22 companies by the beginning of 2013, and is expected to grow to more than 6,000 users by the end of this year. Their first year revenue is between $250,000 and $300,000 and they expect 135 percent growth over the next 12 months. WellWorks executives believe this goal will be achieved through the ...
R&B Beauty "Raquel" Joins Dave Tolliver of Men at Large in a Performance that Marvels the Crowd
2013-03-08
R&B artist Tameka Williams a.k.a Raquel can be seen performing in Supper clubs & Lounges from Atlanta to her hometown of Fort Wayne, IN. If you haven't been fortunate enough to catch one of her performances, you certainly would recognize her unique promotional coasters at clubs that promotes her new single "Somebody".
However on February 15th 2013, Raquel was invited by Dave Tolliver of Men at Large to join him on stage to sing a duet. The crowd on hand had no idea what they was about to witness, as the two bounced back and forth with Riffs, High Notes ...
Paragon Bank Expands Its Raleigh Headquarters To Accommodate Continued Growth
2013-03-08
Paragon Bank (http://www.paragoncommercial.com) has announced that the bank has expanded its Raleigh headquarters, located at 3535 Glenwood Ave., by converting storage space into eight offices, an additional conference room and a recreational lounge area that includes a pool table, foosball table and ping pong table. The Raleigh office now totals 40,000 total square feet in space used by the bank.
The office expansion in Raleigh comes on the heels of Paragon's recent announcement that it would relocate its Charlotte operations to a new, larger office space. The 16,427 ...
William Peace University Welcomes Abyss For Spoken Word Performance On Campus March 14
2013-03-08
William Peace University (http://www.peace.edu), a private four-year university located in downtown Raleigh, has announced that the university will host a live performance by the famous spoken word artist Abyss on Thursday, March 14 at 7:30 p.m. at the university's Belk Dining Hall. In addition to Abyss, UpRite Lions, a hip hop vocal group that formed in 2008, will perform at the event. Students of William Peace University will have the chance to perform alongside Abyss and UpRite Lions as they recite their own poetry and musical talents. Following the performance, a meet ...
Northumberland County Council Maps Properties to Secure Broadband Funding
2013-03-08
Northumberland County Council has secured GBP21m in funding to help deliver superfast broadband to all residences and businesses.
A significant component of the project was to use the council's local address dataset to aid the planning and procurement processes, which in turn would eliminate data inaccuracies, leading to better decision making and greater confidence in the data.
The national project did not identify or utilise council address data to its full potential, instead relying on data supplied indirectly from telecommunication establishments. Once analysed ...
Footprint Bamboo Socks Teams Up with Marmot in the King of Prussia Mall
2013-03-08
Footprint will extend their collection of bamboo performance socks to the newest Marmot store at the King of Prussia Mall in Pennsylvania, this Spring 2013. Footprint will have the opportunity to showcase what they are doing to reduce their respective carbon footprint in designing high quality sustainable socks that active outdoor enthusiasts prefer. Consumers will get hands on experience with this eco-friendly alternative to current everyday products and services carried at Marmot.
The King of Prussia Mall is one of the largest retail malls in the United States, with ...
Are Bloggers Now Able to Earn More Than Doctors? The Answer Will Surprise You
2013-03-08
You just have to look at the increasing number of daily offers in your inbox to realize the competitive nature of both on-line and off-line businesses. Unfortunately, this level of competition only adds to the confusion and frustration we are faced with when trying to find the ideal home-based opportunity. Who do you believe, who do you trust, is it legit, is it a scam? Our inability to find immediate answers to these questions usually leads to fear, skepticism and ultimately resistance to joining anything - anything except BLOGGING! An increasing number of companies are ...
LAST 30 PRESS RELEASES:
Launch of the most comprehensive, and up to date European Wetland Map
Lurie Children’s campaign urges parents to follow up right away if newborn screening results are abnormal
Does drinking alcohol really take away the blues? It's not what you think
Speed of risk perception is connected to how information is arranged
High-risk pregnancy specialists analyze AI system to detect heart defects on fetal ultrasound exams
‘Altar tent’ discovery puts Islamic art at the heart of medieval Christianity
Policy briefs present approach for understanding prison violence
Early adult mortality is higher than expected in US post-COVID
Recycling lithium-ion batteries cuts emissions and strengthens supply chain
Study offers new hope for relieving chronic pain in dialysis patients
How does the atmosphere affect ocean weather?
Robots get smarter to work in sewers
Speech Accessibility Project data leads to recognition improvements on Microsoft Azure
Tigers in the neighborhood: How India makes room for both tigers and people
Grove School’s Arthur Paul Pedersen publishes critical essay on scientific measurement literacy
Moffitt study finds key biomarker to predict KRASG12C inhibitor effectiveness in lung cancer
Improving blood transfusion monitoring in critical care patients: Insights from diffuse optics
Powerful legal and financial services enable kleptocracy, research shows
Carbon capture from constructed wetlands declines as they age
UCLA-led study establishes link between early side effects from prostate cancer radiation and long-term side effects
Life cycles of some insects adapt well to a changing climate. Others, not so much.
With generative AI, MIT chemists quickly calculate 3D genomic structures
The gut-brain connection in Alzheimer’s unveiled with X-rays
NIH-funded clinical trial will evaluate new dengue therapeutic
Sound is a primary issue in the lives of skateboarders, study shows
Watch what you eat: NFL game advertisements promote foods high in fat, sodium
Red Dress Collection Concert hosted by Sharon Stone kicks off American Heart Month
One of the largest studies on preterm birth finds a maternal biomarker test significantly reduces neonatal morbidities and improves neonatal outcomes
One of the largest studies of its kind finds early intervention with iron delivered intravenously during pregnancy is a safe and effective treatment for anemia
New Case Western Reserve University study identifies key protein’s role in psoriasis
[Press-News.org] Gardere Victory Listed in The National Law Journal Top 100 Verdicts of 2012Longview Energy Co. breach of fiduciary duty verdict helps place Gardere Wynne Sewell in the top 15 of The National Law Journal's Top 100 Verdicts of 2012.