USX Corp. v. Union Pacific Resources Co.

OPINION

FENDER, Chief Justice.

Appellee and plaintiff below, Union Pacific Resources Company, sued appellant, USX Corporation, for a breach of contract. After a jury trial, the trial court entered a judgment on the verdict awarding appellee $9,000,000.00 together with attorneys’ fees, post-judgment interest, and prejudgment interest at the rate of 10% per annum compounded daily.

We affirm in part and reverse and remand in part.

We find it necessary to clarify the names of the parties to this appeal. Appellee, Union Pacific Resources Company, was, until May 1987, named Champlin Petroleum Company…