“A letter of intent is the invention of the devil [that] should be avoided at all costs.” -- Stephen R. Volk, Esq. regarding the now (in)famous Texaco-Pennzoil case
By EsqSocial Corporation 16/05/14
A Dallas jury recently reminded us why Mr. Volk lamented letters of intent. Enterprise Products Partners, L.P. is currently appealing that jury’s finding of $319MM in actual damages and $914MM for improper benefits due to breach of the duty of...
By: Akin Gump Strauss Hauer & Feld LLP