RCT DEFEATS TCPA MOTION TO DISMISS $100 MILLION IN FRAUD AND CONTRACT CLAIMS
On August 10, 2018, RCT defeated, in their entirety, the motions to dismiss filed pursuant to the Texas Citizens Participation Act by Pearl Energy Investment Management, LLC, Pearl Energy Investments, L.P., Pearl’s principal Billy Quinn, and Pearl’s investment partner AVAD Energy Partners, LLC. Plaintiffs’ claims that the Pearl entities, Billy Quinn, and AVAD defrauded them, misused their confidential information, and breached a NDA all to steal a deal for the purchase of an oil and gas property will now proceed into discovery. Plaintiffs seek to recover the damages caused by Pearl’s, Quinn’s, and AVAD’s conduct, which are in excess of $100 million.
Prior results do not guarantee a similar outcome.