Compass Lexecon Clients Bechtel and Jacobs Engineering Successfully Defeat $8 Billion Damage Claim
Compass Lexecon President Professor Daniel R. Fischel Testifies at Hearing
This case involved a claim by Motiva Enterprises LLC ("Motiva") against the Bechtel-Jacobs CEP Port Arthur Joint Venture ("BJJV"), a joint venture between Bechtel Corporation ("Bechtel") and Jacobs Engineering Group Inc. ("Jacobs"). Motiva alleged wrongdoing by BJJV in connection with construction of one of the largest oil refineries in the world, allegedly causing it to suffer damages in excess of $8 billion. On December 30, 2016, a three judge panel of arbitrators after a lengthy hearing rejected Motiva's claims in their entirety. Compass Lexecon President Professor Daniel R. Fischel testified for BJJV at the hearing on loss causation and other economic issues. Professor Fischel was supported by David Gross, Rahul Sekhar, Avisheh Mohsenin, Robin Stahl, Quinn Johnson, and Heather Freilich-Farby in Compass Lexecon's Chicago office. We worked closely with Robert C. Walters, Joshua S. Lipshutz, and others at Gibson , Dunn & Crutcher LLP, who successfully represented Bechtel. More detail about this matter will be provided on Compass Lexecon's website at a later point in time.