Appeals court overturns $535M verdict against Enterprise Products Partners

Clubs and Organizations

July 19, 2017

A landmark jury verdict against Houston-based Enterprise Products Partners LP (NYSE: EPD) in a dispute with Dallas-based Energy Transfer Partners LP (NYSE: ETP) has been overturned by an appeals court. In 2014, Enterprise had been ordered to pay $535.8 million to ETP, including $319.4 million in actual damages awarded by a jury, plus $150 million in disgorged profits and $66.4 million in pre-judgement interest.