Anadarko mulling pricey judgment

A litigation legacy from Kerr-McGee has Anadarko Petroleum scouting its options, which include paying up or appealing further.
Last month the 10th U.S. Circuit Court of Appeals in Denver upheld a $25 million judgment against Kerr-McGee, which Anadarko acquired in 2006, in a case involving use of seismic data without prior approval or payment of fees.
The 2001 lawsuit filed by M.D. Mark alleged that Kerr-McGee wrongly refused to pay a transfer fee upon acquiring a company that licensed seismic data that M.D. Mark had previously acquired.
The case went to trial in 2007, after Anadarko had acquired Kerr-McGee, and M.D. Mark prevailed. Anadarko appealed, and the 10th Circuit last month upheld the verdict. M.D. Mark says the judgment has doubled in value because of interest accrued.
Anadarko spokesman John Christiansen says Anadarko respectfully disagrees with the three-judge panel’s ruling and the company is evaluating its next step.

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