Sun River Energy was accused by multiple shareholders of attempting to manipulate the market for its common stock by refusing to remove the restrictive legends from their certificates following the expiration of the holding period required by Rule 144 of the Securities Act of 1933.
Tag: 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.