Jury takes an hour to reach verdict in 4-week trial over deal at Port San Antonio

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Jury takes an hour to reach verdict in 4-week trial over deal at Port San Antonio
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Lawyers for the family of a late Harris County businessman had asked the jury to award...

Lawyers for the family of the late Nolan Richardson had asked the jury to award $8.6 million in compensatory damages and another $6 million in punitive damages after a roughly four-week trial.

Rail Link eventually sold its assets, including its lease at the port, to Fort Worth logistics company Continental Intermodal Group-South Texas LLC for $18 million in 2014. The transaction included some assets outside of Port San Antonio.Long-running legal battle over rail deal at Port San Antonio finally goes to trial

Richardson had signed a guarantee on the lease agreement at the port, making him personally liable for more than $1 million if Rail Link hadn’t performed its obligations. Chiscano countered that Rail Link, now known as Balcones Muster Inc., invested about $3 million to expand the rail port.

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