litigation
confidence high
sentiment positive
materiality 0.60
Blue Dolphin resolves contract disputes with Pilot/Tartan; expects gain on debt reduction
BLUE DOLPHIN ENERGY CO
- NPS and LRM, wholly owned subsidiaries, settled contract disputes with Pilot Travel Centers and Tartan Oil.
- Mutual release of all claims and dismissal of the Texas court action agreed.
- Blue Dolphin expects to record a gain through reductions in counterparty debt.