Faced with mounting interest after losing a $24-million jury verdict in Delaware County, Pa., a pipeline company late last week reached a settlement with contractor Utility Line Services, says the attorney for the contractor.
The jury in April had ordered the defendant, PVR Marcellus Gas Gathering Inc., which was recently acquired by Dallas-based Regency Energy Partners, to pay Utility Line Services about $16.5 million for the amount it was owed. Another $7.8 million was for damages the jury awarded for wrongful termination of the last part of the contract PVR had with Utility Line Services.