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Two Companies Formed Partnership After All, Jury Finds

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Bryan Loocke, Stuart Zisman, Stephen Crain and Molly Tucker
March 18, 2014

On March 4, 2014, a Dallas jury found that Enterprise Products Partners LP (“Enterprise”) had entered into a partnership with Energy Transfer Partners LP (“ETP”) to jointly develop a crude oil pipeline from Cushing, Okla. to the Texas Gulf Coast, despite the lack of executed partnership agreements and the inclusion of express non-binding provisions in their preliminary agreements. In awarding damages of $319 million to ETP, the jury concluded that a partnership had in fact been created and that Enterprise breached its partnership duties to ETP when it subsequently entered ...

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