Case Page

 

Case Status:    DISMISSED    
On or around 02/24/2010 (Court's order of dismissal)

Filing Date: October 02, 2008

According to a press release, on October 2, 2008, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Cano Petroleum, Inc. The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations that the Company issued a series of false and material misrepresentations in its registration statement and prospectus filed with the SEC in connection with its Secondary Public Offering on June 26, 2008.

On May 20, 2009, the Individual Defendants' motion to transfer this action to the Northern District of Texas pursuant to 28 U.S.C. § 1404(a) was granted.

On July 07, 2009, an amended complaint was filed by the plaintiffs against the defendants in this civil action.

On December 03, 2009, a Memorandum Opinion and Order granting Motion to Dismiss filed by the defendants.

On the same day, a final judgment consistent with the memorandum opinion and order signed on the same date and all claims asserted by plaintiff against the defendants were dismissed.

On December 15, 2009, a notice of appeal was filed by the plaintiffs against the defendants in this matter.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CFW
Company Market: American SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Texas
DOCKET #: 08-CV-08462
JUDGE: Hon. Paul G. Gardephe
DATE FILED: 10/02/2008
CLASS PERIOD START: 06/26/2008
CLASS PERIOD END: 10/01/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kirby McInerney LLP (New York)
    825 Third Avenue, Kirby McInerney LLP (New York), NY 10022
    212.371.6600 212.371.6600 ·
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 09-CV-00308
JUDGE: Hon. Paul G. Gardephe
DATE FILED: 07/08/2009
CLASS PERIOD START: 06/26/2008
CLASS PERIOD END: 10/01/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kirby McInerney LLP (New York)
    825 Third Avenue, Kirby McInerney LLP (New York), NY 10022
    212.371.6600 212.371.6600 ·
  2. Law Office of Roger F. Claxton
    10,000 North Central Expressway, Suite 725, Law Office of Roger F. Claxton, TX 75231
    214.969.9029 (214) 953-0583 ·
No Document Title Filing Date