Noteholder Appeal In Indenture Agreement Dispute Dismissed As Moot

Mealey's (February 3, 2022, 12:03 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Feb. 1 dismissed an appeal in a lawsuit alleging that an oil and gas drilling company and its subsidiary violated federal securities law by misrepresenting the company’s alleged default under an indenture governing notes maturing in 2027, ruling that curative action taken by the company prior to a federal district court’s grant of summary judgment mooted the noteholders’ dispute....