June 20, 2017
New Source Energy Partners LP investors asked a New York federal judge Monday to preliminarily sign off on a $2.85 million settlement that would resolve a shareholder disclosure suit over the bankrupt oil and gas company's 2015 preferred-share offering.
May 05, 2017
Bankrupt oil and gas company New Source Energy Partners LP has reached a settlement in principle with investors who claim they were misled about the company's $40 million 2015 preferred share offering, according to documents filed in New York federal court Thursday.
December 20, 2016
A Manhattan federal judge dismissed a class action lawsuit against New Source Energy Partners LP and underwriters over the company's $40 million 2015 preferred-share offering Monday, finding that the bankrupt oil and gas portfolio's risk-disclosures were "precise" and "exhaustive" and did not run afoul of the securities laws.