jagged peak
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By 5-2, state Supreme Court green-lights investors’ lawsuit against Denver energy company
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In a divided ruling on Monday, the Colorado Supreme Court permitted a pension plan for law enforcement to sue a Denver-based oil and gas company for allegedly misleading investors in violation of a Depression-era law designed to prevent fraud. The question for the state’s highest court was whether Jagged Peak Energy Inc. would be held…
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‘Puffery’ or illegal? State Supreme Court evaluates statements made by Denver energy corporation
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When Jagged Peak Energy Inc. began publicly selling shares of its stock in 2017, it allegedly misrepresented key aspects of its extraction operation to investors and overstated its ability to produce oil and gas. Now, the Colorado Supreme Court will decide whether the 8,000-person Oklahoma Police Pension and Retirement System may sue Denver-based Jagged Peak…
