OKLAHOMA (Legal Newsline) – An Oklahoma company alleges a Houston, Texas company misrepresented the amount of net acres in a leasehold.
Okie Energy Group III LLC filed a complaint on Nov. 27 in the U.S. District Court for the Western District of Oklahoma against Nortex Corp. alleging fraud and other counts.
According to the complaint, the plaintiff alleges that it suffered monetary damages in an amount of $160,000 for the purchase of the Nortex leasehold from the defendant in 2017. The suit states the defendant represented that it owned an undivided 40 net leasehold acres with at least a 75 percent net revenue interest.
The plaintiff alleges the defendant concealed the fact it actually owns just 18.6 net acres of leasehold with an approximately 65 percent net revenue interest. The plaintiff alleges it demanded a refund in October but the defendant has failed and refused to issue the refund.
The plaintiff holds Nortex Corp. responsible because the defendant allegedly misled plaintiff to believe that it owned more acres of leasehold than it actually does.
The plaintiff requests a trial by jury and seeks judgment against the defendant for actual damages in excess of $160,000, punitive damages, disgorgement of all ill-gotten gains, interest, attorney’s fees, costs and litigation expenses, and further relief as the court may deem just. It is represented by John Paul Albert and Richard L. Rose of Mahaffey & Gore PC in Oklahoma City, Oklahoma.
U.S. District Court for the Western District of Oklahoma case number 5:18-cv-01161