Two aviation companies and their executives filed separate lawsuits alleging that their former business partners, including a corporate general counsel, conspired with global conglomerate United Technologies and its subsidiary, aerospace manufacturer Pratt & Whitney, to fraudulently steal away hundreds of millions of dollars in potential business. The two lawsuits tell parallel stories that, if true, provide extraordinary insight into a legal and financial scheme that brazenly preyed on friendships and personal business relationships in a highly nuanced but extremely lucrative marketplace.
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Two Lawsuits, Three Friends & an Alleged Conspiracy to Steal $500 Million in Business
Two aviation companies and their executives filed separate lawsuits alleging that their former business partners, including a corporate general counsel, conspired with global conglomerate United Technologies and its subsidiary, aerospace manufacturer Pratt & Whitney, to fraudulently steal away hundreds of millions of dollars in potential business. The two lawsuits tell parallel stories that, if true, provide extraordinary insight into a legal and financial scheme that brazenly preyed on friendships and personal business relationships in a highly nuanced but extremely lucrative marketplace.
Baker Botts Advises Starz on $4.4B Acquisition by Lionsgate
© 2016 The Texas Lawbook. By Natalie Posgate (June 30) – A group of Texas-based lawyers from Baker Botts announced its involvement in today’s megadeal: Global entertainment giant Lionsgate’s $4.4
HayBoo Expands to Europe in Merger Deal with London-based Curtis Davis Garrard
With the addition of CDG, Haynes and Boone significantly expands its international presence and enhances its capabilities in the vital midstream energy sector.
Updated: Bracewell, V&E Handle Riverstone’s Buy-In on $500M Ohio Pipeline JV
New York private equity firm Riverstone Investment Group said Tuesday that one of its affiliates will purchase Kinder Morgan’s 50 percent stake in an the Utica Pipeline Project in Ohio, which will help transport ethane and ethane-propane mixtures to petrochemical companies in Ontario, Canada.
Updated: Bracewell, V&E Handle Riverstone’s Buy-In on $500M Ohio Pipeline JV
New York private equity firm Riverstone Investment Group said Tuesday that one of its affiliates will purchase Kinder Morgan’s 50 percent stake in an the Utica Pipeline Project in Ohio, which will help transport ethane and ethane-propane mixtures to petrochemical companies in Ontario, Canada.
SEC FW: Longwei Petroleum & CFO Violated Federal Securities Laws
The SEC’s Fort Worth Office accused China-based Longwei Petroleum Investment Holding and its American-based CFO, Michael Toups, with falsifying public statements in 2013 that substantially overstated potential capacity at the company’s fuel storage depots in China.
SEC FW: Longwei Petroleum & CFO Violated Federal Securities Laws
The SEC’s Fort Worth Office accused China-based Longwei Petroleum Investment Holding and its American-based CFO, Michael Toups, with falsifying public statements in 2013 that substantially overstated potential capacity at the company’s fuel storage depots in China.
Judge Houser: Sam Wyly Owes $1.1 Billion to IRS
A federal bankruptcy judge on Monday ordered Dallas entrepreneur and philanthropist Sam Wyly to pay the Internal Revenue Service $1.1 billion, which is less than half what the federal government originally demanded but it still one of the largest tax judgments ever against a single individual.
T&K Trial Team Leads McKinney Surgical Support Client to $7.5 Million Jury Win
A federal jury in Dallas last Thursday ordered BlueCross BlueShield of Louisiana to pay McKinney-based Encompass Office Solutions $7.5 million for past unpaid services and tortious interference with its business practices. A young trial team from Thompson & Knight led the way for Encompass.