Investor Claims Over Energy Company’s Alleged Misstatements Remain Intact

Mealey's (December 7, 2022, 5:16 PM EST) -- HOUSTON — A federal judge in Texas agreed with a federal magistrate judge and denied a motion to dismiss filed by an energy company and certain of its senior executives in a securities class action because the lead plaintiffs in the action have sufficiently pleaded an actionable misrepresentation and scienter in alleging that the defendants misstated the economic viability of a Texas oilfield in violation of federal securities law....