Pharma Investments, Ventures & Law Weekly
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Bright and Brown
Supreme Court Clears Way for Macpherson Oil
July 27th, 2008
Macpherson Oil Company is pleased that the California Supreme Court denied the Petition for Review filed on behalf of the City of Hermosa Beach. The City's petition sought review of the trial court decision that the City breached its oil and gas lease with Macpherson and is liable for the payment of money damages in an amount to be determined in a subsequent jury trial. "While this result was not unexpected, it removes the last of several obstacles the City has attempted to place in Macpherson's way to prevent or delay the trial on the amount of damages the City now owes to Macpherson," said Jim Bright of Bright and Brown an Attorney for Macpherson Oil Company. This all follows as a...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-27)
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