Jury Says No Breach, No Bad Faith, No $30M
A Harris County jury recently heard three weeks of evidence in a breach of contract and bad faith lawsuit stemming from the $90 million sale of a business that rents pumps used in the oil and gas industry. Jurors had to answer two questions: Did GR Energy Services breach a noncompete agreement by communicating with SpaceX about the possible purchase of pumps after it sold its Flex Flow pump business? And did Odessa Pumps act in bad faith in managing Flex Flow after the purchase from GR to keep profits artificially low in order to avoid paying GR a $30 million earnout? No, and no, the jury said.