Susman Godfrey Prevails in $3.89B Dispute over Puerto Rican Fuel Contracts

Susman Godfrey of Houston won a major victory this week in San Juan, Puerto Rico, for its client Vitol, the global energy and commodity trading company, in a 12-year-old dispute over nearly $4 billion in fuel-oil supply contracts.

The U.S, District Court in San Juan rejected claims by the Puerto Rico Electric Power Authority (PREPA) to void six fuel-oil supply contracts the state electric power company held with Vitol. In addition to ruling that the contracts, worth $3.89 billion, were valid, the court ruled that Vitol was entitled to recover $28.4 million plus interest on a counterclaim.