The Anglo Dutch Petroleum plaintiffs had filed a motion for rehearing of the appeal. In a decision released on October 19, 2006 by the panel of judges, the plaintiffs were overruled and denied that motion. The judgment of the Fourteenth Texas Court of Appeals issued on October 19, 2006 opens with this paragraph:
"This case arises out of a business dispute over interests in a foreign oil and gas field. After a lengthy trial involving complicated facts and extensive expert testimony, the trial court rendered judgement on the jury's verdict, awarding plaintiffs/appellees/cross-appellants [the Anglo Dutch companies] $6.4 million in lost profits, plus attorney's fees and interest, based on their breach-of-contract claims against defendants/appellants/cross-appellees [the Ramco defendants]. The main issue on appeal is whether the evidence proves with reasonable certainty the profits appellees [Anglo Dutch] claim to have lost as a result of appellants' [Ramco's] breaches of contract. We conclude that it does not. We also conclude that the trial court correctly granted summary judgement as to appellees' [Anglo Dutch] claims for breach of fiduciary duty, misappropriation, and misappropriation of trade secrets. Accordingly, we reverse the trial court's judgement and render judgement that appellees [Anglo Dutch] take nothing against appellants."
In its June 6, 2006 ruling the same panel of judges had reversed the trial court's judgment and rendered judgment "that the Anglo Dutch plaintiffs take nothing against the Ramco defendants."
Steve Remp, Chairman of Ramco, said:
Mike Swan, partner at Akin Gump Strauss Hauer & Feld and leader of the Ramco defense team, said:
Most Popular Articles