A federal jury in Houston awarded $136.8 million in damages in an overseas power plant deal gone bad. The winner, Canatxx Energy Ventures Inc., alleged that its financial adviser for the $1 billion power-generation development project conspired with an affiliate to oust Canatxx from the project.

After a three-week trial, the jury in Canatxx Energy Ventures Inc. v. General Electric Capital Corp. issued its verdict on Aug. 4 in U.S. District Judge Kenneth Hoyt’s courtroom.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]