Texas judges to review $ 110 million verdict on paper mill

Law360 (June 18, 2021, 5:11 p.m. EDT) – The Texas Supreme Court on Friday agreed to review an appeals court decision that slashed $ 110 million from a $ 125 million verdict against International Paper Company in a dispute with a contractor regarding damages related to unpaid invoices.

The case asks the court to determine whether Signature Industrial Services and its owner, Jeffry Ogden, can hang on to $ 12.4 million in consequential damages arising from its loss of capital in the business, if there is sufficient evidence to justify compensation of $ 2.4 million in direct damages and whether Ogden can independently recover damages for breach of contract.

Signature is fighting to restore $ 42 million …

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