U.S. District Court Judge Rules Continental Resources Cleared for Shareholder Meeting
Bailey, Brianna, THE JOURNAL RECORD
A U.S. District Court judge has ruled that a Continental Resources shareholder meeting scheduled for Friday to vote on the company's $340 million acquisition of Wheatland Oil can proceed.
A Louisiana police pension fund fought in court to stop the meeting until more information about the transaction could be disclosed to shareholders.
Attorneys for the Louisiana Municipal Police Employees Retirement System argued on Wednesday that Continental has not disclosed adequate revenue and cost projections for Wheatland Oil in advance of the vote.
In a 26-page order issued Thursday, U.S. District Court Judge Timothy DeGiusti ruled that Continental has given …
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Publication information: Article title: U.S. District Court Judge Rules Continental Resources Cleared for Shareholder Meeting. Contributors: Bailey, Brianna - Author. Newspaper title: THE JOURNAL RECORD. Publication date: August 9, 2012. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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