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Camber Energy, Inc. v. Fifth Third Securities, Inc. et al
Case Number:
4:17-cv-01436
Court:
Nature of Suit:
Judge:
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May 22, 2017
Texas Driller 'Death Spiral' Suit Against Investor Dismissed
A Texas federal judge on Monday dismissed oil and gas company Camber Energy Inc.'s suit against a key investor for allegedly forcing it to issue shares that drove down its stock value into a “death spiral” based on a strained interpretation of an “unconscionable” contract.
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May 17, 2017
Oil Driller Sucking Fund Into 'Death Spiral,' Judge Told
A fund that lent money to oil and gas driller Camber Energy Inc. only to be sued for converting its debt into Camber stock asked a Texas federal judge on Tuesday to give the fund a way to sell the shares before Camber's "death spiral" whittles the stock price even further.
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May 10, 2017
Texas Driller Says Shabby Investor Deals Risk Its Ruin
Oil and gas company Camber Energy Inc. asked a Texas federal judge on Tuesday to prevent a key investor from compelling it to issue new shares, saying the investor's moves rest on a strained interpretation of "unconscionable" contracts and are driving Camber toward bankruptcy.