Semco Energy Faces Suit Over Proposed Acquisition

Law360, New York (April 25, 2007, 12:00 AM EDT) -- A proposed shareholder class action has been filed against CapRock Holding Corp. over its proposed acquisition of Semco Energy Inc.

In Semco’s filing with the U.S. Securities and Exchange Commission on Tuesday, the company said that the purported shareholder class action was filed April 16 in the Michigan Circuit Court of the County of St. Clair.

The company said the lawsuit might prevent or delay the closing of the deal.

The suit accuses Semco, which distributes natural gas to more than 400,000 customers in Michigan and...
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