Devon SFS Operating , Inc., and IMC Global, Inc. v. First Seismic Corporation, a Delaware Corporation
This declaratory judgment case involved competing interpretations of an indemnity provision in a contract concerning seismic data ownership. Appellants Devon SFS Operating, Inc. and IMC Global, Inc. challenged a trial court ruling that favored Appellee First Seismic Corporation on its indemnity claim and awarded attorney's fees. The dispute centered on whether the indemnity clause covered claims by minority owners. The Court of Appeals affirmed the trial court's judgment, upholding the interpretation of the indemnity provision and the award of attorney's fees and costs.