Tulsa Inspection Resources, LLC (TIR), based in Tulsa, Oklahoma, and its subsidiaries provide pipeline inspection and integrity testing services to U.S. and Canadian oil and gas pipeline and utility operators. TIR was privately held by several groups of owners.
Cypress Energy Partners had negotiated a purchase of TIR and consummated the transaction. However, after the transaction closed a certain minority of shareholders believed they had been bought out unfairly and disputed the transaction filing a lawsuit in federal court in Tulsa.
We were engaged by the defendants and defendant's counsel to provide expert testimony and litigation consulting, which included the following:
After a lengthy litigation process and one which received a significant amount of attention in the local business and legal community, the jury found in favor of defendants. We provided credibility, solid factual analysis, effective articulation of complex financial matters and other litigation support that assisted defendant's counsel in protecting its clients' position and winning the case. Defendants and defendants' counsel were very pleased with the outcome.