W.Va. court rejects bid to halt Massey Energy sale
Business Law
The West Virginia Supreme Court has declined to issue an order barring Massey Energy shareholders from voting on a proposed $7.1 billion sale to rival coal producer Alpha Natural Resources.
The court says in a ruling issued Tuesday it lacks jurisdiction in the case.
Three institutional investors had sought to prevent Wednesday's shareholder vote. The deal is expected to close pending approval by shareholders of the Virginia-based companies.
The investors argue that the April 5, 2010, explosion at Massey's Upper Big Branch mine that killed 29 miners and other actions damaged Massey's value.
Shareholders also sought a similar delay in a Delaware court last week. A ruling on that case is pending.
Related listings
-
Hartford Courant wants plagiarism suit dismissed
Business Law 05/24/2011Lawyers for The Hartford Courant say in recently filed court documents that a $7.5 million plagiarism lawsuit filed by a competing newspaper should be dismissed because no copyright laws were broken.The motion to dismiss filed on May 4 in Hartford fe...
-
AIG, Treasury offering 300M shares worth $9B
Business Law 05/13/2011Bailed-out global insurance company American International Group Inc. and the federal government are offering to sell a total of 300 million AIG shares to the public. The stock sale would be a big step by the government toward disentangling itself fr...
-
LA lawsuit claims Deutsche Bank is 'slumlord'
Business Law 05/05/2011The city attorney sued Deutsche Bank on Wednesday, claiming the giant international lender illegally evicted tenants from foreclosed properties and left dozens of homes and apartments to rot, many in low-income neighborhoods. The suit, filed in Los A...
Victorville CA DUI defense Attorneys
The outcome of a DUI defense will have a long-term effect on anyone’s life, making the decision to receive legal representation an easy one. The fact is, most people accused of a DUI are first offenders with no criminal background. Whether this is your first run in with the law or you have had previous convictions, you are in need of a DUI defense attorney.
The charges you are facing for a DUI range from fines, a 12-month suspension on your license and worst-case scenario, prison time. Your attorney will be able to analyze your situation to decide the best way to go about your case.
Our attorneys know the tricky ways to challenge all of the DUI tests and know how to claim improper collection of evidence. We will be able to negotiate on your behalf and free you from charges and help you keep your drivers license. The DUI process can last up to several months, we can make this process easier on you. .