SCOTX To Orca: ‘Vague Assurances’ Should Have Been A Clue
In hot pursuit of mineral leases in the frenzied 2010 Eagle Ford Shale play, Orca Assets paid $3.2 million for six leases in DeWitt County that they later discovered belonged to another company. Rather than simply accept a return of their cash, Orca sued the owner’s agent, accusing them of fraud, demanding $400 million in unrealized revenues. On Friday, the Texas Supreme Court suggested that Orca should have known better. Janet Elliott reports on the court’s reasoning in The Texas Lawbook.









