Rees-Jones, Devon Energy Put $200M Investor Suits To Rest

Law360, Houston (January 11, 2013, 4:02 PM EST) -- An attorney for billionaire Trevor Rees-Jones confirmed Friday that his client and Devon Energy Production Co. LP had settled with two investors who claim they were cheated out of stakes worth more than $200 million in a company Devon later acquired for $2.2 billion.

In separate suits, former investors Robert Allen and D. Bobbit Noel Jr. claimed that Dallas oil tycoon Rees-Jones, founder of Chief Holdings LLC, had fraudulently convinced them to sell their stakes in the closely held gas exploration company in 2004 by hiding...
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