Rio Grande Royalty Co. v. Energy Transfer Partners, L.P.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EDITH H. JONES, Chief Judge:
Rio Grande Royalty Company, Inc., contends that defendants Energy Transfer Partners, L.P., Energy Transfer Company, ETC Marketing, Ltd., and Houston Pipeline Company committed common law fraud by truthfully reporting natural gas transactions that, because of the defendants’ alleged monopolization of the Houston spot market, served to lower prices artificially on long-term contracts. As a result of the alleged misrepresentations, the defendants and other gas buyers were able to purchase natural gas at below-market prices, to the detriment of Rio Grande and other…
2Cases cited10 opinions
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- Insurance Co. of North America v. MorrisTexas Supreme Court · 1998
- Briggs v. State of MSCourt of Appeals for the Fifth Circuit · 2003
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