Troutman Pepper Locke clients secured a jury verdict exceeding $67 million in a breach of contract dispute related to the loss of a 640-acre oil and gas lease in the Permian Basin in West Texas. This victory comes after more than seven years of litigation, including a pivotal appearance before the Texas Supreme Court in which Troutman Pepper Locke helped our clients secure a favorable ruling. With accrued interest, the judgment is expected to surpass $90 million.
Troutman Pepper Locke’s Scott Hastings led the trial and appellate team, which included Matt Hansen, Chase Cobb, and Tom Loose, as well as Richard Abernathy and Charles Crawford from Abernathy, Roeder, Boyd & Hullett. Loose provided crucial appellate support, contributing to the prior 9-0 victory in the Texas Supreme Court.