Magnum Hunter Wins Dismissal in 5 of 6 Lawsuits Alleging Mismgmt

| | |

court gavelThis is a “hmmm, that’s interesting” revelation for MDN. Yesterday Magnum Hunter Resources, a driller mostly focused on the West Virginia Marcellus and increasingly Ohio Utica Shale, issued a press release yesterday to say that they’ve been successful in getting five of six “securities class action and shareholder derivative lawsuits” against the company dismissed–without paying a penny to either the plaintiffs or their lawyers. The company is working on a sixth (and last) such lawsuit now. What is a securities class action/derivative lawsuit?…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.