A Heygood, Orr & Pearson attorney defended Jean Boulle, a well-known international businessman, in a lawsuit arising out of the discovery of the world’s largest nickel deposit. In the suit, the plaintiff alleged that he had an agreement whereby he was to receive 5% of the net revenue generated by certain projects the he and Jean Boulle had worked on together. None of the projects ever yielded any net revenue. The plaintiff, however, argued that because Jean Boulle had placed the projects at issue into a public company called Diamond Fields Resources and used the proceeds from the sale of shares in the company to invest in the nickel project, that he was entitled to proceeds from that separate project.
In the lawsuit, the plaintiff asserted claims for breach of contract and fraud. He sought to recover a portion of the proceeds generated from the sale of Diamond Fields Resources’ nickel assets to Canadian mining company Inco, Ltd. in a $3.1 billion transaction that was the largest merger in Canadian history. In total, the plaintiff’s claimed damages were more than $200 million.
After a six-day jury trial in the 116th Judicial District Court of Dallas County, Texas, the jury found in favor of Mr. Pearson’s client on all claims. The verdict was upheld on appeal to the Dallas Court of Appeals and the Texas Supreme Court.