Judge Trims the $146 Million Jury Award in T. Boone Pickens' West Texas Oil Lawsuit

Judge Mike Swanson of the 143rd Judicial District Court trimmed a 2016 jury award to oil billionaire T. Boone Pickens from nearly $146 million to $117 million in a case that involved two Midland-based oil companies and Dallas-based J. Cleo Thompson.The compensation would also include 5 percent interest on the $117 million dating from December 2014, when the lawsuit was filed. The final judgment, issued more than a year after the jury decision, ignored the jury's recommendation to award Pickens $4 million in attorney fees and $24 million toward his ownership in an investment agreement that was at the heart of the dispute.  Continue reading...