Guggenheim Funding Must Return 4.8M Valerus Shares

Law360, New York (May 7, 2013, 5:01 PM EDT) -- A Texas judge has ruled that Guggenheim Corporate Funding LLC must release 4.8 million Valerus Compression Services LP shares after Valerus mistakenly traded a larger than anticipated equity stake in the oil and gas company for a $165 million credit facility, an attorney familiar with the case said Tuesday.

Valerus had lobbed fraud, mutual mistake and unilateral mistake claims against Guggenheim. Judge Randy Wilson ruled in Valerus' favor on the two mistake claims, saying Valerus was wrong about the original intent underlying its stock purchase agreements,...
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