Lawsuits against Black Elk Energy dismissed by Texas Courts

Source:Black Elk Energy

A group of investors in Black Elk Energy LLC recently voluntarily dismissed a lawsuit filed in the District Court of Harris County, Texas, which alleged company executives violated their agreement with shareholders regarding the sale of a subsidiary.

The action marks the second time the suit has been dismissed, having originally been filed regarding the same claims in 2011. The first suit was dismissed earlier this year because provisions in the shareholder agreement stated that such a lawsuit must be filed in New York. Today, the 14th District Court of Appeals dismissed the investors’ appeal of the first-filed suit, following the investors’ voluntary motion for dismissal.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs