Fraud Suit Over Petrosearch-Double Eagle Deal Nixed

Law360, New York (April 1, 2011, 12:33 PM EDT) -- A New York federal judge on Thursday tossed Tiberius Capital LLC 's suit claiming the merger of Double Eagle Petroleum Co. and Petrosearch Energy Corp. was fraudulent and that the plaintiff, a Petrosearch investor, was due dissenter rights.

Judge George B. Daniels of the U.S. District Court for the Southern District of New York ruled that Tiberius freely and voluntarily accepted the merger by surrendering its Petrosearch stock certificates for Double Eagle shares, even though it had voted its 6.1 million shares — nearly 15 percent...
To view the full article, register now.