Oppenheimer Suit Against Trans Energy Gets Judge's OK

Law360, New York (May 24, 2013, 6:49 PM EDT) -- A federal judge on Friday greenlighted a contract suit that investment firm Oppenheimer & Co. brought against natural gas producer Trans Energy Inc. over fees on a $50 million loan, denying Trans Energy’s request to throw the case out.

Oppenheimer can continue to litigate a case alleging that St. Marys, W. Va.-based Trans Energy failed to pay it fees it owed after the investment firm secured it a loan to fund its drilling operations, U.S. District Judge Jesse M. Furman said. Trans Energy had argued that...
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