Breach of Contract

Edmonton, CA: (Jan-28-08) NAL Resources Ltd. brought a lawsuit against EPCOR Power LP, alleging breach of contract. The suit stated that NAL Resources, a subsidiary of Manulife Financial Corporation, supplied natural gas to EPCOR Power's Tunis power plant located in Ontario, and that EPCOR violated terms with respect to Tunis natural gas supply contracts. Sources close to the case said that EPCOR had reached a settlement with NAL, agreeing to pay a one-time payment of approximately $4.2 million for periods up to December 31, 2007. Officials on both sides stated that the settlement concludes all outstanding litigation, which commenced in 2003 with respect to Tunis natural gas supply contracts. [YAHOO: NATURAL GAS CONTRACT]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.

Please click here for a free evaluation of your claim

Published on Jan-29-08