The Scowcroft Group: Exposed, kind of
There's nothing like litigation to crack open a window into a secretive world of power and intrigue. All those lovely depositions and legal documents...
On Tuesday, U.S. District Judge Rosemary M. Collyer kept alive a lawsuit filed by the Scowcroft Group against Toreador Resources Group. That's Scowcroft, as in former national security adviser Brent Scowcroft and former CIA deputy operations director James Pavitt and former undersecretary of state Arnold Kanter and former assistant secretary of state Walter H. Kansteiner III and...
The Scowcroft Group says that Toreador failed to pay it an agreed-upon "success fee" for a deal involving the purchase by a Turkish company of the South Akcakoca Sub-Basin natural gas concession.
Scowcroft contends the work included:
“obtaining necessary Turkish government approvals for the...transaction...and ensuring the Turkish
Ministry of Energy’s endorsement of the transaction and the rapid governmental approval of the..transaction."
Begging the question: just how does one go about "ensuring the Turkish Ministry of Energy's endorsement"?
The deal closed last year for $55 million, and the Scowcroft Group says it is owed $850,000. Judge Collyer declined to dismiss the case, which means unless it settles there should be a lot more information on the public record about how an international consulting firm does its business.
Michael,
Have you any facts about retainer and consulting agreements?
If you do, you will know that this judge is making a decision based on the plaintiff saying it performed the "work beyond the scope of the contract's terms."
Which is simply totally untrue.
I know this for sure. I can provide you with all details.
The convincing of the Dogan management to close the deal had nothing to do with the Plaintiff. It was solely the work of the new CEO.
Alex
Posted by: ALEXANDRIA SANTANA | October 28, 2009 at 02:38 PM