Legal Opinion
Broad Street Energy Company v. Endeavor Ohio, LLC
Court of Appeals for the Sixth Circuit
Decided November 13, 2015No. 14-4223, 14-4278PublishedCited by 8 opinions
1Opinion of the Court
OPINION
SUTTON, Circuit Judge.
Two sophisticated parties negotiated an agreement for one to buy oil-and-gas leases from the other for $35 million. Three months after signing, the buyer unilaterally terminated the agreement. A jury found that the buyer had no right to terminate in this way and awarded the seller the $3.5 million escrow payment and interest on it. We affirm.
I
For some time, Broad Street Energy Company has owned many oil-and-gas leases in northeast Ohio. In recent years, that market has changed, leading many to launch shale-drilling (often called fracking) initiatives designed to…
2Cases cited9 opinions
- Kaiser Aluminum & Chemical Corp. v. BonjornoSupreme Court of the United States · 1990
- CFE Racing Products, Inc. v. BMF Wheels, Inc.Court of Appeals for the Sixth Circuit · 2015
- The Lincoln Electric Company, Plaintiff-Appellee v. St. Paul Fire and Marine Insurance Company, Defendant-Appellant/ Cross-AppelleeCourt of Appeals for the Sixth Circuit · 2000
- Federal Deposit Insurance Corporation v. First Heights Bank, Fsb Pulte Diversified Companies, Inc. Pulte CorporationCourt of Appeals for the First Circuit · 2000
- Panagiotis Kotsopoulos v. Asturia Shipping Co., S.A., Hadjilias & Co., Ltd., and the S/t Mercury, Her Engines, Etc.Court of Appeals for the Second Circuit · 1972
4 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Cranpark, Inc. v. Rogers Group, Inc.Court of Appeals for the Sixth Circuit · 2016
- Jessica Frye v. CSX Transp., Inc.Court of Appeals for the Sixth Circuit · 2019
- Callahan v. WilsonCourt of Appeals for the Second Circuit · 2017
- Sovereign Bank v. Remi Capital IncCourt of Appeals for the Third Circuit · 2022
- Willacy v. MarottaCourt of Appeals for the Sixth Circuit · 2017
3 more not listed; retrieve them via the Exa API.