US EditionReese Marketos Secures $52M Trial Win for Cardinal Midstream Against Energy Transfer
- A state court in Beaver County awarded $51.98 million to Cardinal Midstream II, LLC in a contract dispute with Energy Transfer, LP over an earnout payment.
- The court found Energy Transfer liable for breaching contractual obligations related to the pipeline purchase made in 2017.
- Energy Transfer breached contractual obligations by monopolizing gas flow to its refinery, as stated by the court.
- The ruling included $33 million in damages and $18.98 million in prejudgment interest awarded to Cardinal Midstream.
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Reese Marketos Secures $52M Trial Win for Cardinal Midstream Against Energy Transfer
DALLAS, March 20, 2025 /PRNewswire/ -- A state court in Beaver County, Pennsylvania, awarded $51.98 million to RM client Cardinal Midstream II, LLC in a long-running contract dispute with Energy Transfer, LP and related entities over an earnout payment owed…
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