We are defending Saybolt, L.P., a subsidiary of Core Laboratories, in a high-stakes combined bankruptcy and consumer class action proceeding in Puerto Rico stemming from the bankruptcy of the Puerto Rico Electric Power Authority (PREPA). The complaint alleges that Saybolt, an inspection company, miscalibrated and inaccurately tested fuel oil samples, allowing high sulfur and other substandard fuels to pass inspection. The plaintiffs seek tens of millions of dollars in liability solely against Saybolt, making this a critical case.
We took over the defense from a significant firm, demonstrating our ability to manage large and complex matters with the same expertise and finesse as an international law firm.
Currently, the case is entangled in appeals and subject to a bankruptcy stay. Nevertheless, we are actively collaborating with Core Laboratories to negotiate insurance coverage for defense costs, which could result in millions of dollars in potential coverage for both defense and settlement expenses related to the case.
