2nd Circ. Defuses Maverick Tube Noteholder Suit

Law360, New York (February 22, 2010, 1:37 PM EST) -- A federal appeals court has let Maverick Tube Corp. off the hook for not giving certain of its noteholders a chance to convert their notes to cash or stock following the firm's $3 billion acquisition by Tenaris SA.

A three-judge panel of the U.S. Court of Appeals for the Second Circuit on Friday ruled that a district court was right to extinguish Law Debenture Trust Co. of New York's breach of contract, unjust enrichment and tortious interference suit against Maverick.

Law Debenture sued Maverick and Tenaris...
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