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Jayhawk Stock Conversion Suit Sent To Trial

Law360 (April 28, 2011, 8:08 PM EDT) -- A federal judge in Kansas sent a contract suit alleging LSB Industries Inc. prevented Jayhawk Capital Management LLC from converting its preferred stock in an attempt to dilute Jayhawk's ownership in the investment firm to trial Thursday.

U.S. District Judge Eric F. Melgren denied three motions for summary judgment from both LSB and Jayhawk, saying that too many facts in the case remain disputed to rule for one party over another.

Among the disputed facts is whether or not the parties had agreed to settle the...
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