US company files suit against T&T Petroleum Company
Published:Wednesday | March 3, 2010 | 9:17 AM
A United States company has filed a multi-billion dollar lawsuit against the state-owned Petroleum Company of Trinidad and Tobago over a breach of contract.
It’s reported that World GTL Incorporated and its subsidiary, World GTL (St Lucia), filed the lawsuit in the US District, Southern District of New York, on February 23.
They are seeking no less than US$2 billion for their losses over the collapse of a joint venture project.
According to the court documents, World GTL and its subsidiary are seeking compensation against PETROTRIN for alleged fraud, negligent misrepresentation, breach of contract, unjust enrichment, negligence and expropriation.