Natural gas and oil company

March 12, 2014

Representation of a natural gas and oil company in a breach of contract and promissory estoppel case. Plaintiff alleged that client offered to enter into an oil and gas lease with plaintiff, plaintiff accepted the offer, and client later refused to enter into the lease. The alleged lease bonus payment was well above the going rate for bonuses. McGuireWoods' attorneys deposed former plaintiffs’ counsel, plaintiff, and a third-party. After uncovering detrimental facts to plaintiff’s case in these depositions, plaintiff agreed to immediately discontinue the lawsuit.
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