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Bracewell & Giuliani LLP Wins Jury Verdict for Founder of Amigo Energy

August 29, 2011

HOUSTON — Javier A. Vega, founder of retail electricity provider Amigo Energy and limited partner of Fulcrum Power Services, L.P., won a unanimous multi-million dollar jury verdict in a lawsuit against Fulcrum Power Services, L.P. and Fulcrum Energy LLC. Bracewell attorneys Bryan Dumesnil and Kristin McLaurin served as trial counsel.

In 2007, Vega agreed to Fulcrum's acquisition of Amigo Energy. Vega was to remain onboard as president and CEO of Amigo Energy, and would become senior vice president of Fulcrum Energy. When Vega was terminated without cause in 2008, Fulcrum kept Amigo Energy and refused to compensate Vega for his interest in the company. Vega filed suit, seeking a return of the value of his equity in the company, as well as unpaid salary and bonus. On August 1, 2011, a Houston jury unanimously voted in Vega's favor, with damages and fees expected to total more than $3 million.

Bracewell represents clients at every phase of the trial process, from pre-litigation negotiation through jury trial, bench trial, and appeal. The firm often pursues mediation, arbitration and other alternative-dispute resolution techniques, when these options enable us to meet our clients’ business objectives.