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Stock Market & Financial Investment News

News Breaks
May 29, 2014
17:14 EDTMHRMagnum Hunter settles lawsuit filed by Dux Petroleum
Magnum Hunter Resources is filing this Current Report on Form 8-K to report that, on May 28, the company and its wholly-owned subsidiary, Triad Hunter, settled the lawsuit filed against them and certain other persons by Dux Petroleum. The other defendants in the Lawsuit, which included MNW Energy, have also settled with Dux. As part of the settlement, Dux has released the company and Triad from all claims asserted or that could have been asserted in the Lawsuit. As part of the settlement of the Lawsuit, and in order to avoid the continued expense and distraction of the Lawsuit, the company and Triad have agreed to collectively pay Dux the aggregate amount of $500,000, payable in three equal installments over the next three months. The other principal defendants in the Lawsuit have also agreed, in connection with the settlement of the Lawsuit, to collectively pay Dux an additional aggregate amount of $500,000, payable in similar installments. In view of the settlement of the Lawsuit, Triad intends to immediately resume closings of lease acquisitions from MNW under the APA, in accordance with the terms, provisions and conditions of the APA and the terms of the settlement agreement. Triad anticipates that the first such closing will occur on or before mid-June 2014.
News For MHR From The Last 14 Days
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June 30, 2015
07:25 EDTMHRMagnum Hunter provides update on previously disclosed class action lawsuit
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June 25, 2015
10:00 EDTMHROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
08:33 EDTMHRMagnum Hunter upgraded to Equalweight from Underweight at Capital One
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06:48 EDTMHRMagnum Hunter 'determined' to pursue sale of 100% of interest in Eureka Hunter
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