Fracking Company Asks Delaware Supreme Court To Find That IPO Violated Contract

Mealey's (January 9, 2020, 2:00 PM EST) -- WILMINGTON, Del. — A hydraulic fracturing field services company on Jan. 7 filed its appeal brief in the Delaware Supreme Court contending that a lower court erred when it declared that a clause facilitating an initial public offering (IPO) authorized the other members of its energy company and investment fund to unilaterally exercise certain powers of the board of directors to proceed with the IPO (Williams Field Services Group LLC v. Caiman Energy II, et al., No. 488, 2019, Del. Sup.)....