New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 9, 2013
08:17 EDTBRYBerry Petroleum reaches agreement to settle class-action in Delaware Court
The Action alleges that the individual defendants breached their fiduciary duties in connection with the transactions contemplated by the Agreement and Plan of Merger, by and among Berry, HoldCo, Bacchus Merger Sub, LinnCo, LinnCo Merger Sub and Linn Energy, by engaging in an inadequate sales process that resulted in an unfair price for Berry and by failing to disclose all material information regarding the transactions, and that the entity defendants aided and abetted those alleged breaches of fiduciary duty. The memorandum of understanding contemplates that the parties will enter into a stipulation of settlement. The settlement will not affect the timing of the special meeting of the Berry stockholders, the annual meeting of Linn unitholders or the annual meeting of LinnCo shareholders, which are each scheduled to be held on December 16.
News For BRY From The Last 14 Days
Check below for free stories on BRY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for BRY

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use