LSB wins judgment in excess of $11 M

Oklahoma City-LSB Industries Inc. said April 18 that the Arkansas Supreme Court unanimously upheld a lower court’s judgment in favor of the company’s subsidiary, El Dorado Chemical Co. (EDC), granting EDC a judgment for damages of approximately $9.8 million against defendants Ingersoll-Rand Co. and DR Holding Corp. as general partners of Dresser Rand Co. With applicable interest, the judgment is now in excess of $11 million. EDC will pay attorney fees equal to 31.67 percent of its recovery. The case claimed negligent failure by Dresser Rand to properly rebuild a hot gas expander for EDC’s DM Weatherly nitric acid plant (GM Oct. 23, 2006). The case also claimed Dresser Rand’s negligent failure to rebuild a hot gas expander for other nitric acid plants located at EDC. The case was heard in Union County, Arkansas Circuit Court.