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Stone Energy Hit With Suit Over $2.5B Talos Merger

Law360 (February 5, 2018, 8:52 PM EST) -- A Stone Energy Corp. shareholder hit the oil and gas company with a suit in Delaware federal court Friday, claiming the shareholders were lied to and shortchanged in the company’s $2.5 billion merger with Talos Energy LLC.

Allen Miskowiec claims in his putative class action that Stone management provided shareholders with misleading and incomplete information to push the company into a hasty merger that undervalued Stone and gave Talos shareholders a disproportionate share in the new company.

In November, Talos and Stone, which emerged from bankruptcy...
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Case Information

Case Title

Miskowiec v. Stone Energy Corporation et al


Case Number

1:18-cv-00202

Court

Delaware

Nature of Suit

Securities/Commodities

Judge

Richard G. Andrews

Date Filed

February 2, 2018

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