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Chancery Tosses Challenge To Erin Energy's Nigerian Deal

By Matt Chiappardi (November 7, 2017, 9:10 PM EST) -- A Delaware Chancery judge on Tuesday threw out a shareholder lawsuit challenging Erin Energy Corp.'s complex purchase of offshore assets in Nigeria, ruling that the suing stockholder hadn't shown that the company's directors acted in bad faith by approving the deal, even if there are adequate allegations the CEO had....

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