Haynes and Boone in Law360: ETP Expected To Win More Than $500M In Pipeline Case

07/24/2014


A Texas judge is expected to award Energy Transfer Partners LP more than $500 million after the company won a jury finding that Enterprise Products Partners LP had breached a partnership agreement to build a crude oil pipeline, sources say.

According to sources familiar with the matter, Dallas County District Judge Emily Tobolowsky plans to award ETP $319.4 million in damages for the breach of the partnership agreement, in line with a jury’s March verdict. The judge also intends to award $150 million in disgorgement of the profits Enterprise is projected to make from a separate crude oil line it built with Enbridge USA Inc., along with interest dating back to September 2011 that could total more than $100 million, according to sources.

Judge Tobolowsky has told the parties but hasn’t yet signed an order, sources say...

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

Excerpted from Law360, July 24, 2014. To view full article, click here (subscription required).

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