Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Pechala's Reports
$15.00
Provider: Pechala's Reports
$25.00
Provider: Stock Traders Daily
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Plains All American Pipeline LP Wins Lawsuit Against BP PLC


Tuesday, 2 Apr 2013 10:36am EDT 

Plains All American Pipeline LP announced that it has recently won a victory against BP PLC when a Houston judge tossed a BP lawsuit and ordered the Company to pay all of Plains Pipeline's legal fees. Last week, the judge in Harris County 's 80 th District Court awarded $453,400 in attorneys' fees for Plains Pipeline based on arguments from attorneys John Zavitsanos and Elizabeth Pannill Fletcher from Houston 's Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing, P.C. (or AZA). Two weeks ago, the judge dismissed a BP lawsuit filed in 2011 that sought to force Plains Pipeline to indemnify BP in a Louisiana trespass lawsuit. The Houston case was filed by BP due to a prior lawsuit by landowners who claimed BP trespassed on their property by using an oil pumping station on Grand Terre Island for 26 years without leasing or having any easement on the land. BP sold the pumping station to Plains Pipeline in 2006 before filing the Harris County lawsuit in an attempt to require Plains Pipeline to cover any BP losses. 

Company Quote

503.8
0.1 +0.02%
11 Jul 2014