Bullboard - Stock Discussion Forum Petromin Resources Ltd. V.PTR.H

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"Petromin Resources Ltd is a petroleum and natural gas exploration and production company in Canada. It is focused on its core operations, which include oil and gas producing properties in Alberta, Canada along the Western Canada Sedimentary Basin. The company owns an interest in Frog Lake area which consists of oil deposits, Gilby Property, Morningside Property, and Redwater North property." see more

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Petromin Resources Ltd. > Canadian Judge Nixes Tussle Over $1.8B Arbitral Claim

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Post by Acelove on Apr 11, 2017 6:35pm

Canadian Judge Nixes Tussle Over $1.8B Arbitral Claim

Law360, New York (April 3, 2017, 4:51 PM EDT) -- The British Columbia Supreme Court has shot down a suit by activist investors in an energy company over the fate of a potential $1.8 billion arbitral award, saying the investors had failed to show their proposed derivative action constituted a good faith effort to represent the company’s shareholders.

In a Thursday decision, Judge Christopher J. Grauer rejected claims by Ivano DeCotiis and Tyrone Daum that their suit over Petromin Resources Ltd.’s claim to a potential $1.8 billion arbitration award is in the best interest of the company.

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