In March of 2011, after a trial in the Kern County, California Superior Court, my clients, a publicly-traded Canadian exploration company, two of its principals and a California subsidiary, were awarded monetary damages in the amount of $18,724,901.58. The Superior Court further adjudicated that a disputed 60% working interest in certain oil and gas properties had been transferred to my client, effective many years earlier, in 2006.
After the March Judgment was signed, another party sought to attach, among other things, the 60% working interest my clients had been awarded. I therefore filed a Third Party Claim to this property. A Petition to Invalidate my client’s Third Party Claim was then filed, and additional litigation ensued, this time in the United States District Court. This Federal action (Trial Brief attached) went to trial, which concluded on August 3, 2011
On September 30, 2011, the United States District Court for the Eastern District of California issued a thirteen-page opinion and Order Denying the Petition to Invalidate Third Party Claim, thus denying the legal challenges to the Judgment entered in the Superior Court.
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