RCT FILES $100 MILLION OIL AND GAS SUIT FOR MISUSE OF CONFIDENTIAL INFORMATION.
On March 2, 2018, RCT filed a lawsuit in Dallas County on behalf of Gravitas Resources Corp. and Alan Pinto against Pearl Energy Investment Management, LLC, Pearl Energy Investments, L.P., Pearl’s principal William Quinn, Pearl’s investment partner AVAD Energy Partners, LLC, and Anadarko Petroleum Corp. for the misuse of Gravitas’s trade secrets and confidential information related to an oil and gas property. RCT alleges that, despite an NDA governing the shared information, Pearl and its partner AVAD used Gravitas’s information to short-circuit the due-diligence and bid process and usurped Gravitas’s deal with Anadarko to purchase the property, all with Anadarko’s full knowledge. The suit seeks to recover a minimum of $100 million in losses incurred by plaintiffs as a result of defendants’ conduct.
Prior results do not guarantee a similar outcome.