Haynes and Boone in Law360: ETP, Enterprise Duel Over Final Word in $1B Pipeline Case

07/21/2014


Energy Transfer Partners LP and Enterprise Products Partners LP are awaiting a Texas trial judge’s final ruling after arguing Friday over whether ETP can collect more than $1 billion on a jury verdict that found Enterprise breached their partnership intended to build a crude oil pipeline.

Dallas County District Judge Emily Tobolowsky took the case under advisement after ETP argued it could recover not just the $319 million in direct damages the jury found it had suffered, but also disgorgement of $595 million in profits Enterprise is expected to earn from a pipeline it eventually built along a similar route with new partner Enbridge USA Inc., and another $128 million and counting in interest.

Following a five-week trial, a jury found in March that ETP and Enterprise had formed a binding partnership that Enterprise breached by working with Enbridge and cutting ETP out of the eventual final project, the Seaway and Seaway Twin pipelines that run from Cushing, Oklahoma, to refineries near the Gulf of Mexico. The parties have been duking it out in post-verdict motions since then and appeal is expected no matter how Judge Tobolowsky rules...

ETP is represented by... Nina CortellJeremy D. Kernodle and Kelli Bills of Haynes and Boone, LLP.

Excerpted from Law360, July 21, 2014. To view full article, click here (subscription required).

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