Re: If PTSC owned half the license - the the 3.5% should come only from TPL...
posted on
Jan 07, 2013 01:56PM
If you read the legal filing, you will see TPL tried to argue to the court that ChetBrown should've received his % after monies were distributed from PDS, meaning PTSC would've received their share first then Chet would've received his from TPL's portion. The judge ruled against TPL's interpretation of the contract because there is no governance process to deter Leckrone from setting up other holding companies to syphon more money from the MMP. I am hopeful this is the only contract that supercedes the MA between TPL and PTSC.