To my knowledge there is one active class action suit that has been filed against Interoil. However, there are three separate law firms representing clients [plaintiffs]. Representing the lead plaintiff, Kim C. Block, is Joe Kendall and Jamie Jean McKey of Kendall Law Group LLC of Dallas.
Though a small firm, it is led by Joe Kendall, a former Federal District Court Judge, and former Texas state district court judge. In addition, the Kendall Law Group is a national leader in protecting the rights of shareholders and investors in litigation against public and private companies. The Kendall Law Group has earned a national reputation for successful litigation involving securities fraud, unfair merger and acquisition litigation, shareholder derivative suits, and corporate governance and mismanagement litigation. The Kendall Law Group is routinely appointed as lead or local counsel on investor litigation throughout the country.
The second law firm is:
BRONSTEIN, GEWIRTZ & GROSSMAN, LLC FILES CLASS ACTION SUIT AGAINST INTEROIL CORPORATION & LEAD PLAINTIFF DEADLINE: MARCH 6, 2018
Bronstein, Gewirtz & Grossman, LLC (BG&G) today announced that a class action has been commenced on behalf of all persons who purchased or otherwise acquired Exxon Mobil Corporation (Exxon) shares worth $45.00 and a contingent resource payment (CRP) for each outstanding InterOil Corporation (InterOil) (NYSE:IOC) share in connection with the acquisition of all of the issued and outstanding shares of InterOil by an affiliate of Exxon on or about February 22, 2017 (the Acquisition). This action was filed in the Northern District of Texas and is captioned Block v. InterOil Corporation, et al., No. 18-cv-00007.
If you wish to serve as lead plaintiff, you must move the Court no later than March 6, 2018. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Peretz Bronstein of BG&G at (212) 697-6484, or via e-mail at info@bgandg.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges InterOil, its Board of Directors and Exxon with violations of the Securities Act of 1933. InterOil was a publicly traded oil and gas company listed on the New York Stock Exchange prior to the Acquisition. InterOil engaged in the exploration, appraisal and development of hydrocarbon resources. One of InterOil’s primary assets was a gross 36.5% interest in petroleum retention license 15 in the Gulf Province of Papua New Guinea, which includes the world-class Elk and Antelope gas fields.
The complaint alleges that in connection with the Acquisition, on January 13, 2017, defendants issued the Management Information Circular for a Special Meeting of Holders of Common Shares, Options and Restricted Share Units of InterOil Corporation with Respect to an Arrangement Involving InterOil Corporation and Exxon Mobil Corporation, dated January 13, 2017 (the Information Circular), which contained material omissions and misstatements concerning the final appraisal well to be drilled prior to commencement of the Interim Resource Certification process and the actual value of the increase in the CRP cap. These omissions and misstatements were material to InterOil shareholders because they directly and significantly impacted the perceived value of the CRP and, thus, prevented InterOil shareholders from accurately valuing the CRP and casting an informed vote on the Acquisition.
Plaintiff seeks to recover damages on behalf of all persons who purchased the common stock of Exxon and the CRP pursuant to the Information Circular and in connection with the Acquisition on or about February 22, 2017 (the Class). The plaintiff is represented by BG&G, which has extensive experience in securities class action litigation.
BG&G is a securities and commercial litigation boutique focused on securities class actions and individual securities arbitration claims. The firm’s expertise also includes general corporate and commercial litigation, as well as patent and trademark matters. BG&G has served as counsel in a number of securities class actions that resulted in tens of millions of dollars in recovery for the class. The firm has close to 25 years of experience prosecuting and defending complex commercial and corporate litigation claims. Please visit http://www.bgandg.com for more information.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
The third lawfirm is:
Robbins Geller Rudman & Dowd LLP Files Class Action Suit against InterOil Corporation January 04, 2018 12:00 AM Eastern Standard Time
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP (Robbins Geller) today announced that a class action has been commenced on behalf of all persons who purchased or otherwise acquired Exxon Mobil Corporation (Exxon) shares worth $45.00 and a contingent resource payment (CRP) for each outstanding InterOil Corporation (InterOil) (NYSE:IOC) share in connection with the acquisition of all of the issued and outstanding shares of InterOil by an affiliate of Exxon on or about February 22, 2017 (the Acquisition). This action was filed in the Northern District of Texas and is captioned Block v. InterOil Corporation, et al., No. 18-00007. If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Darren Robbins of Robbins Geller at 800/449-4900 or 619/231-1058, or via e-mail at djr@rgrdlaw.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges InterOil, its Board of Directors and Exxon with violations of the Securities Act of 1933. InterOil was a publicly traded oil and gas company listed on the New York Stock Exchange prior to the Acquisition. InterOil engaged in the exploration, appraisal and development of hydrocarbon resources. One of InterOil’s primary assets was a gross 36.5% interest in petroleum retention license 15 in the Gulf Province of Papua New Guinea, which includes the world-class Elk and Antelope gas fields. The complaint alleges that in connection with the Acquisition, on January 13, 2017, defendants issued the Management Information Circular for a Special Meeting of Holders of Common Shares, Options and Restricted Share Units of InterOil Corporation with Respect to an Arrangement Involving InterOil Corporation and Exxon Mobil Corporation, dated January 13, 2017 (the Information Circular), which contained material omissions and misstatements concerning the final appraisal well to be drilled prior to commencement of the Interim Resource Certification process and the actual value of the increase in the CRP cap. These omissions and misstatements were material to InterOil shareholders because they directly and significantly impacted the perceived value of the CRP and, thus, prevented InterOil shareholders from accurately valuing the CRP and casting an informed vote on the Acquisition.
Plaintiff seeks to recover damages on behalf of all persons who purchased the common stock of Exxon and the CRP pursuant to the Information Circular and in connection with the Acquisition on or about February 22, 2017 (the Class).
The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. Robbins Geller is widely recognized as a leading law firm advising and representing U.S. and international investors in securities litigation and portfolio monitoring. With 200 lawyers in 10 offices, Robbins Geller has obtained many of the largest securities class action recoveries in history. For the third consecutive year, the Firm ranked first in both the total amount recovered for investors and the number of shareholder class action recoveries in ISS's SCAS Top 50 Report. Robbins Geller attorneys have shaped the law in the areas of securities litigation and shareholder rights and have recovered tens of billions of dollars on behalf of the Firm’s clients. Robbins Geller not only secures recoveries for defrauded investors, it also implements significant corporate governance reforms, helping to improve the financial markets for investors worldwide.
Please visit http://www.rgrdlaw.com for more information.
https://www.linkedin.com/company/rgrdlaw
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https://plus.google.com/+Rgrdlaw/posts
Contacts
Robbins Geller Rudman & Dowd LLP Darren Robbins,
800-449-4900 or 619-231-1058
djr@rgrdlaw.com
TO JOIN THE CLASS:
The easiest way to join the class in on the website of Bronstein, Gewitz and Grossman [https://www.bgandg.com/ioc]
There you will find a fill-in-the-blank box that asks for your name and then asks for specifics regarding your sale and purchase of IOC shares, including number of shares, price per share and dates of purchases and sales. This sign-up is NOT to be the lead plaintiff, but simply to join the class being represented in this class action suit.
NOTE:
It is common for several law firms to act together to litigate complex class action suits of this nature. The suit is jointly against IOC, Exxon, and the individual members of the IOC BOD and Hession. Law firms do not enter into a class action lawsuit requiring perhaps years of effort and enormous amounts of hours lightly. They expect to win and be reimbursed handsomely for their time and effort. We all know that the IOC deal was based on many layers of corporate misconduct and malfeasance, particularly concealing pertinant material information from its shareholders during the lead-up to the shareholder vote. This lawsuit had the potential to fnally call the IOC BOD and Hession to the bar to answer in open court for their complicity in this matter. It is not just about revenge. It is about justice for corporate wrongdoing.
