Oppenheimer Suit Against Trans Energy Gets Judge's OK

Law360, New York (May 24, 2013, 6:49 PM EDT) -- A federal judge on Friday greenlighted a contract suit that investment firm Oppenheimer & Co. brought against natural gas producer Trans Energy Inc. over fees on a $50 million loan, denying Trans Energy’s request to throw the case out.

Oppenheimer can continue to litigate a case alleging that St. Marys, W. Va.-based Trans Energy failed to pay it fees it owed after the investment firm secured it a loan to fund its drilling operations, U.S. District Judge Jesse M. Furman said. Trans Energy had argued that...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Oppenheimer & Co., Inc. v. Trans Energy, Inc. et al


Case Number

1:12-cv-04726

Court

New York Southern

Nature of Suit

Contract: Other

Judge

Katherine Polk Failla

Date Filed

June 15, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.