Palace Exploration Co. v. Petroleum Development Co.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
STAGG, District Judge.
Plaintiff-appellant Palace Development Company (“Palace”), holder of a fifty percent non-operating interest in an oil and gas prospect in Pittsburg County, Oklahoma, brought this action seeking rescission of the exploration agreement and the joint operating agreement that established its partnership in the well with defendant-appellee Petroleum Development Company (“PDC”). Palace’s original complaint, filed in New York state court and sounding entirely in equity, sought restitution and rescission based on two theories: (1) fraud in the inducement relating to alleged…
2Cases cited21 opinions
- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
- Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
- Dairy Queen, Inc. v. WoodSupreme Court of the United States · 1962
- McDonough Power Equipment, Inc. v. GreenwoodSupreme Court of the United States · 1984
- Koch v. Koch Industries, Inc.Court of Appeals for the Tenth Circuit · 2000
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