We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

InterOil Investors Misled Into OK'ing Exxon Deal, Suit Says

Law360, New York (January 3, 2018, 7:02 PM EST) -- A proposed class of former InterOil Corp. shareholders filed suit Tuesday in Texas federal court over the Singaporean oil and gas company’s more than $2.5 billion acquisition by Exxon Mobil Corp., saying InterOil shareholders were misled into approving the deal last year.

The complaint from plaintiff Kim C. Block alleged InterOil shareholders weren’t given the full picture about a well that InterOil was drilling to gauge the volume of certain Papua New Guinea gas fields, the estimates from which were to influence how much money InterOil...
To view the full article, register now.




Case Information

Case Title

Block v. Interoil Corporation et al

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


Karen Gren Scholer

Date Filed

January 2, 2018

Law Firms


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.