BISMARCK, N.D. (AP) — North Dakota landowners who unsuccessfully sued the developer of the Dakota Access oil pipeline over land easements have lost their appeal.
The 21 landowners sued for more than $4 million in 2017, saying a company formed by Texas-based Energy Transfer Partners and a hired land acquisition consultant used deception to acquire unfair private land easements.
A federal judge last year ruled that they didn't prove their case, in part because the fraud-based claims required a higher standard of proof.
They took their case to the 8th U.S. Circuit Court of Appeals, which on Thursday upheld the judge's ruling.
The pipeline has been moving North Dakota oil to a shipping point in Illinois since June 2017.
Before you consider Energy Transfer Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer Partners wasn't on the list.
While Energy Transfer Partners currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report