Oil claim for $1.4b dropped as Baker Botts spot alleged fake

Texan oil company Moncrief has dropped a US$1.37b claim against Russian rival OAO Gazprom after two Baker Botts defence lawyers spotted an apparent fake document which was central to the Moncrief claim.
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The document was meant to be a confidential analysis of prospects to sell natural gas in the US. Moncrief claimed to have prepared it and then showed it to Gazprom after reaching an agreement that the two companies would work together to develop a field in Siberia. Moncrief claimed that Gazprom then pulled out but used the document for its own purposes. Moncrief then claimed $1.37 in compensation for the loss of its trade secrets.

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However, when preparing for cross-examination, partner Van Beckwith and associate John Lawrence were puzzled by a reference on the graphic contained in a document which said 'figure 11'. The fact that there were no figures 1 to 10 made them suspicious. By enlarging the document and searching on Google, the traced it to a University of Texas research paper. The document was, according to a motion which was then filed by Gazprom, 'the cornerstone of Moncrief’s trade secrets claim' and a 'fabrication'. Moncrief then dropped the claim and agreed not to refile it anywhere else. Source: ABA

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