Texas Court Eyes Oil Investor Group's Standing In Fraud Row

Law360, Dallas (April 2, 2013, 7:46 PM EDT) -- An association representing 237 investors who say they were defrauded in a complex oil and gas investment scheme told a Texas appeals court on Tuesday that it has the standing to pursue securities fraud claims against Big Rock Petroleum Inc.

Big Rock Investors Association, an unincorporated group representing investors allegedly duped into buying stakes in oil and gas wells that didn’t exist, argues even if it doesn’t have representational standing, it has the right to pursue claims on behalf of the investors because it holds power...
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