Energy firm seeks to recover money, alleging CLH, Granite Peak did not own property

By Molly English-Bowers | Dec 11, 2015

HOUSTON--A Houston energy company is suing two defendants, alleging misrepresentations about ownership of real property.

Cogent Energy Solutions filed a lawsuit Oct. 26 in the Houston Division of the Southern District of Texas against CLH LLC and Granite Peak Development LB, alleging breach of contract.

A portion of Cogent Energy's business is to develop assets to store and transport crude oil, and Cogent is a member of Cheyenne Rail Hub (CheyHub), formed in 2013 to acquire real property in Wyoming for that purpose. CLH is a former member in CheyHub and Granite Peak Development is the assignee of CLH's membership interest in CheyHub.

According to the complaint, the plaintiff, relying on the defendants' claims that it owned real property in Wyoming and on which an oil rail facility would be built, borrowed millions of dollars to do so. However, the suit says, after the facility was built, the plaintiff discovered that the defendants do not own the property. 

Cogent Energy seeks a jury trial, damages, attorney fees and court costs. It is represented by attorneys Cynthia R. Levin Moulton and Lance C. Arney of Moulton, Wilson & Arney in Houston.

Houston Division of the Southern District of Texas Case number 4:15-cv-03144.

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