HOUSTON, US: Enterprise Products Partners LP (EPD) said that it has succeeded in its appeal against Energy Transfer Partners. This appeal stems from a 2014 Dallas jury verdict in a lawsuit filed by Energy Transfer over a proposed pipeline project that was cancelled due to a lack of customer support.
In April 2011, Enterprise and Energy Transfer signed a series of agreements disclaiming any partnership or joint venture absent executed definitive documents and board approvals of the two companies. Definitive agreements were never executed and board approval was never obtained. The parties signed these disclaiming agreements precisely to avoid the type of lawsuit brought here.
HOUSTON, US: Enterprise Products Partners LP (EPD) said that it has succeeded in its appeal against Energy Transfer Partners. This appeal stems from a 2014 Dallas jury verdict in a lawsuit filed by Energy Transfer over a proposed pipeline project that was cancelled due to a lack of customer support.
In April 2011, Enterprise and Energy Transfer signed a series of agreements disclaiming any partnership or joint venture absent executed definitive documents and board approvals of the two companies. Definitive agreements were never executed and board approval was never obtained. The parties signed these disclaiming agreements precisely to avoid the type of lawsuit brought here.
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