Shareholder Suit Over Denbury, Encore Deal Survives

Law360, New York (August 17, 2011, 6:45 PM EDT) -- A New York federal judge on Wednesday refused to boot a proposed class action claiming oil and gas company Denbury Resources Inc. shortchanged shareholders of Encore Acquisition Co., which it bought in 2009 for $4.5 billion, out of Denbury stock.

Plaintiff Eli Bensinger, an investor who held more than 42,000 Encore shares, lodged an amended complaint in April 2010 claiming Plano, Texas-based Denbury — the largest oil and gas operator in Mississippi with significant operating acreage in Louisiana, Alabama and Southeast Texas — essentially inflated its...
To view the full article, register now.




Case Information

Case Title

Bensinger v. Denbury Resources Inc. et al

Case Number



New York Eastern

Nature of Suit



Eric N. Vitaliano

Date Filed

April 28, 2010

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.