Coral Capital Partners takes a look at a recent Delaware Court ruling in favor of Looser Pays ByLaws, and provides our thoughts and experience on how they can benefit corporate governance and help protect shareholders.
Tag Archive for Civil Action No. 11-CV-00198-MSK-MEH
Litigation between Sun River Energy, Inc. and Coral Capital Partners, Erik Nelson, & Steve Stephens. The litigation was initiated in January of 2011 in Colorado state court by Sun River Energy, and removed to Federal Court by Coral Capital Partners, et al. Immediately prior to trial, Sun River Energy dropped all claims against Coral, Nelson, and Stephens; as a result they were dismissed with prejudice at trial. On October 23, 2013 the trial was held and judge Kreiger ruled in favor of Coral Capital Partners, Erik Nelson, and Steve Stephens; awarding them damages against Sun River Energy.
Trial Brief – Uniform Commerical Code: UCC 8-401
As a general rule, simple disputes involving securities relating to Article 8 are normally litigated in state courts, which can be far more difficult to research than the federal court system. Based upon our research, it appears that litigation involving Article 8 of the UCC in the Federal Court system is relatively rare. As result, we have decided to publish the Trial Brief of our litigation against Sun River Energy, Inc. involving a dispute involving Article 8, Section 401 of the UCC. Hopefully, this provide some useful information to anyone who is involved in a dispute over the removal of a restrictive legend and Article 8, Section 401, UCC 8-401.
Coral Capital Partners Victorious in Sun River Energy Litigation
Coral Capital Partners details the history and the outcome of its litigation with Sun River Energy, Inc. Civil Action No. 11-CV-00198-MSK-MEH In early 2011 Sun River Energy attempted to prevent us from selling shares of its common stock we were legally issued and entitled to sell. This litigation should have been a simple issue regarding UCC 8-403 to be decided by the court. However, Sun River Energy struck first with numerous frivolous and meritless claims, and we feel compelled to set the record straight.