Operating

Argent Trust Pursues Over $9 Million in Damages Against Blackbeard Operating in Texas Royalty Dispute

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DALLAS, Texas — Argent Trust Company, acting as Trustee of the Permian Basin Royalty Trust, has submitted a second amended petition in a Tarrant County court as part of its ongoing lawsuit against Blackbeard Operating LLC. The legal dispute centers around oil and gas properties in Crane County, Texas, where the Trust claims ownership of a 75% net overriding royalty. The new petition seeks to recover more than $9 million, alleging that Blackbeard improperly calculated and withheld royalty payments owed to the Trust. Specific claims include inappropriate deductions for overhead costs, labor expenses, and saltwater … Read more

San Diego Mayor’s Cost-Cutting Move Sparks Discrimination Lawsuit from Fired Chief Operating Officer

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San Diego, CA – The City of San Diego is facing a lawsuit following the termination of its former Chief Operating Officer, Eric Dargan. In a cost-cutting move described by Mayor Todd Gloria, Dargan’s position was eliminated to contribute to closing a $258 million budget shortfall. The decision, announced in February, also eradicated an annual salary of $375,000. During a press statement on February 18, Mayor Gloria expressed gratitude towards Dargan for his contributions to the city, describing the decision as a budgetary necessity. However, this financial maneuver has led to legal complications, as Dargan … Read more

Connecticut Man Arrested with Over 2,700 Bags of Heroin, Charged with Operating Drug Factory

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Waterbury, Conn. – A local man was detained on charges related to drug trafficking after authorities discovered a significant amount of narcotics in his residence. Tremaine Days, 26, was arrested on Friday following a search and seizure operation carried out by Waterbury police at his home located on Jewelry Street. During the operation, officers uncovered an array of illegal substances, including 2,710 individual bags of heroin, 27 capsules of crack cocaine, and marijuana. Additionally, the search yielded $1,395 in cash and a loaded Smith & Wesson handgun. Days is now facing multiple charges, including operating … Read more

SEC Charges Florida Father-Son Duo with Operating Deceptive Litigation Finance Scheme

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Washington — Federal regulators implicated two Florida men, a father and son duo, in allegedly orchestrating a deceptive scheme involving litigation financing. The U.S. Securities and Exchange Commission (SEC) announced the charges on Friday, detailing how the pair promised significant returns to investors by funding mass tort litigation. According to the SEC, the suspects attracted investments by promoting their supposed expertise in identifying profitable legal cases, particularly those involving large groups of plaintiffs in product liability lawsuits. Investors were led to believe that their funds would be directly applied to cover legal fees and other … Read more