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You are at:Home » Pardee Resources Company: Pardee Secures Jury Verdict Against Utility Company – Pardee Resources Co (OTC:PDER)
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Pardee Resources Company: Pardee Secures Jury Verdict Against Utility Company – Pardee Resources Co (OTC:PDER)

News RoomNews RoomFeb 13, 2026 11:12 pm EST0 ViewsNo Comments3 Mins Read
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RADNOR, Pa., Feb. 13, 2026/ PRNewswire/– Pardee Resources Business (OTC: PDER) (the “Business”) revealed today that a West Virginia jury just recently returned a beneficial decision for Huge Huff Minerals LLC (Big Huff), a completely owned subsidiary, and for Huge Huff’s coal lessee, versus a big energy business connected to a conflict including an energy easement for its transmission lines and towers throughout Huge Huff’s home. The jury granted $ 16 Million in damages and prejudgment interest to Huge Huff and its coal lessee for the worth of the coal lying below the transmission towers that would have been otherwise mined if the towers were not present on the home. The Court formerly ruled that the coal lessee will sustain $ 58 Million in included expenses to my own around the transmission towers which the coal lessee would be granted that quantity if the complainants (Huge Huff and its coal lessee) dominated at trial. The complainants mean to move for entry of a judgment order amounting to $ 74 Million ($ 16M+$ 58M) and to demand prejudgment interest on the included expenses which might include around $ 10 Million to the judgment order. The Business’s share of the overall judgment order would be around 33%. The Business anticipates that the energy business will look for to reverse the jury’s decision and might likewise appeal this choice, which might take years to solve. The Business means to intensely pursue this judgment. While the Business’s management thinks, based upon present understanding and after assessment with counsel, that this judgment will be maintained, the result of legal actions and procedures is naturally unpredictable, and it is possible that this judgment might not eventually be maintained or that the Business might be not able to gather on this judgment completely, or at all.

In addition to historic declarations, this news release consists of declarations associating with future occasions and our future outcomes. These declarations are “positive” declarations within the significance of the Personal Securities Lawsuits Reform Act of 1995. While these positive declarations represent our judgments and future expectations worrying our organization, a variety of threats, unpredictabilities and other essential elements might trigger real advancements and results to vary materially from our expectations. These elements consist of, however are not restricted to, the danger that the jury award might be decreased or reversed or that the Business might be not able to gather on any judgment completely or at all. As an outcome, these positive declarations might end up being inaccurate. We are under no commitment to (and specifically disclaim any commitment to) upgrade or modify these positive declarations whether as an outcome of brand-new info, future occasions or otherwise.

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