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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law Blog

Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 59
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law Blog

Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 52
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law Blog

Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 52