Tiberius Seeks To Revive Petrosearch Merger Suit

Law360, New York (April 29, 2011, 8:06 PM EDT) -- Tiberius Capital LLC gave notice Friday that it will appeal a New York district judge's dismissal of its investor suit over the merger of Double Eagle Petroleum Co. and oil and gas exploration company Petrosearch Energy Corp. to the Second Circuit.

Tiberius, a Petrosearch investor, had claimed the merger was fraudulent and that it was due dissenter rights, but District Judge George B. Daniels ruled March 31 that Tiberius freely and voluntarily accepted the merger by surrendering its Petrosearch stock certificates for Double Eagle shares, even...
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