Energy Litigation, Fiduciary and Probate Litigation
LFDS Client, Who Was Sued for in Excess of $21 Million, is Found Not Liable by a Dallas Jury
Verdict upheld by the Dallas Court of Appeals
LFDS client was represented by Alan Loewinsohn, in a lawsuit filed in Dallas District Court by two plaintiffs claiming in excess of $21 million dollars in damages arising out of oil and gas transactions, based on claims for breach of fiduciary duty and other related claims. On November 20, 2013, a Dallas Jury returned a unanimous verdict in favor of LFDS client resulting in the entry of a judgment dismissing all of the plaintiff's claims, with no recovery against LFD client. On December 17, 2013, the trial court entered a judgment affirming the jury verdict. On May 12, 2015, the Dallas Court of Appeals affirmed the trial court’s judgment.