Texas Court Dismisses Lawsuit Against 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.

The 14th District Court of Appeals dismissed the investors' appeal of the first-filed suit, following the investors' voluntary motion for dismissal Tuesday.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Manager - EPC
Expertise: Business Development
Location: Houston, MO
Sales Engineer - West Texas
Expertise: Business Development|Field Service Tech|Sales
Location: West Texas, TX
Sales Engineer - Oklahoma
Expertise: Business Development|Field Service Tech|Sales
Location: Mid-Con, OK
search for more jobs

Brent Crude Oil : $46.17/BBL 0.10%
Light Crude Oil : $43.04/BBL 0.39%
Natural Gas : $2.21/MMBtu 0.45%
Updated in last 24 hours