A federal jury in Houston awarded $136.8 million in damages in an overseas power plant deal gone bad. The winner, Canatxx Energy Ventures Inc., alleged that its financial adviser for the $1 billion power-generation development project conspired with an affiliate to oust Canatxx from the project.
After a three-week trial, the jury in Canatxx Energy Ventures Inc. v. General Electric Capital Corp. issued its verdict on Aug. 4 in U.S. District Judge Kenneth Hoyt’s courtroom.
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