District judge rules for Luminant in bench trial
Abut 5 p.m. Wednesday, 20th District Court Judge Ed Magre ruled in favor of Luminant in a separate bench trial in which Alcoa sought monetary damages related to the Three Oaks Mine sale and operation.
This came after a separate ruling last which, in which a jury found for Luminant and ordered Alcoa to pay the power-generating company $10 million. http://bit.ly/cULbMJ
"We're very pleased with the Court's ruling that there is no evidence to support Alcoa's claims related to Luminant Mining's operation of the Three Oaks Mine," said Luminant CEO David Campbell. "Our mining and plant operations employees do outstanding work and as a company we place great importance on adhering to our contractual obligations. We are proud of our record at Three Oaks Mine and are committed to being a world-class operator at each of our facilities. Today's ruling affirms that."
Alcoa had sought monetary damages and initially stated that it sought return of the mine. But in opening statements last week, Alcoa lawyers did not include the mine in damages they sought.
Alcoa has not announced whether it plans an appeal.
See related story for additional information. http://bit.ly/ayCEAS