Pardee Resources Company: Pardee Secures Jury Verdict Against Utility Company
PARDEE RESOURCES CO INC (PDER)
NASDAQ:AMEX Investor Relations:
pardee.com
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Source: PR Newswire
RADNOR, Pa., Feb. 13, 2026 /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the "Company") announced today that a West Virginia jury recently returned a favorable verdict for Big Huff Minerals LLC (Big Huff), a wholly owned subsidiary, and for Big Huff's coal lessee, against a large utility company related to a dispute involving a utility easement for its transmission lines and towers across Big Huff's property. The jury awarded $16 Million in damages and prejudgment interest to Big Huff and its coal lessee for the value of the coal lying beneath the transmission towers that would have been otherwise mined if the towers were not present on the property. The Court previously ruled that the coal lessee will incur $58 Million in added costs to mine around the transmission towers and that the coal lessee would be awarded that amount if the plaintiffs (Big Huff and its coal lessee) prevailed at trial. The plaintiffs intend to move for entry of a judgment order totaling $74 Million ($1
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