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Exxon, InterOil Want Texas Suit Over $2.5B Deal Dismissed
08-11-2018, 07:00 AM
Post: #1
Exxon, InterOil Want Texas Suit Over $2.5B Deal Dismissed

Mostly behind a paywall, but here's the link and the first part of the article: https://www.law360.com/articles/1069968/...-dismissed


Exxon, InterOil Want Texas Suit Over $2.5B Deal Dismissed


Law360 (August 3, 2018, 7:01 PM EDT) -- Exxon Mobil Corp. has asked a Texas federal judge to throw out a proposed class action over its $2.5 billion acquisition of InterOil Corp., saying former InterOil stockholders' claims that they were misled into approving the transaction were already addressed by a Canadian court and the suit invokes a statute that does not apply to the claims.

The oil companies told the Northern District of Texas on Thursday that the Supreme Court of Yukon already addressed stockholders' issues with the acquisition at a hearing that determined...

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