The Shuman Law Firm today announced that it is investigating potential claims against the Board of Directors of EXCO Resources, Inc. relating to the Board's November 1, 2010 announcement that its Chairman and Chief Executive Officer, Douglas H. Miller ("Miller"), had submitted to the Board a proposal to purchase all of the outstanding shares of the Company's stock that Miller does not already own for $20.50 per share.
The Proposed Transaction is to be financed by Miller and three of the Company's largest shareholders: Oaktree Capital Management, L.P. ("Oaktree"), Ares Management LLC and T. Boone Pickens. Thereafter, in a November 4, 2010 press release, the Board announced that it had appointed directors Vincent J. Cebula ("Cebula") and Mark F. Mulhern ("Mulhern") to a special committee (the "Special Committee") to consider the Proposed Transaction. The investigation concerns whether the Special Committee is able to consider the Proposed Transaction disinterestedly and consistent with its fiduciary duties to EXCO's shareholders.
If you currently own shares of EXCO and are interested in discussing your rights as an shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
Monday, November 15, 2010
Driver in fatal Conn. crash sues victim's parents
A driver who's serving a manslaughter sentence for striking and killing a 14-year-old boy is suing the victim's parents, blaming them for their son's death because they allowed him to ride his bike in the street without a helmet.
Matthew Kenney's parents, Stephen and Joanne, sued 48-year-old driver David Weaving shortly after he was sentenced last year to 10 years in prison, accusing him in Waterbury Superior Court of negligence and seeking more than $15,000 in damages.
Weaving, who has a history of drunken driving convictions, responded months later with a handwritten countersuit accusing the Kenneys of "contributory negligence." He's also seeking more than $15,000 in damages, saying he's endured "great mental and emotional pain and suffering," wrongful conviction and imprisonment, and the loss of his "capacity to carry on in life's activities."
"It drags the pain on," said Joanne Kenney, a stay-at-home mom with two other children, ages 2 and 13. "It's a constant reminder. Enough is enough. Can you just leave us alone and serve your time?"
Prisoners nationwide file tens of thousands of court actions a year on allegations ranging from wrongful convictions to poor jail conditions to civil rights violations, according to federal judiciary data. But lawyers and victim advocates say it's not often that convicted criminals sue victims and their families.
Matthew Kenney's parents, Stephen and Joanne, sued 48-year-old driver David Weaving shortly after he was sentenced last year to 10 years in prison, accusing him in Waterbury Superior Court of negligence and seeking more than $15,000 in damages.
Weaving, who has a history of drunken driving convictions, responded months later with a handwritten countersuit accusing the Kenneys of "contributory negligence." He's also seeking more than $15,000 in damages, saying he's endured "great mental and emotional pain and suffering," wrongful conviction and imprisonment, and the loss of his "capacity to carry on in life's activities."
"It drags the pain on," said Joanne Kenney, a stay-at-home mom with two other children, ages 2 and 13. "It's a constant reminder. Enough is enough. Can you just leave us alone and serve your time?"
Prisoners nationwide file tens of thousands of court actions a year on allegations ranging from wrongful convictions to poor jail conditions to civil rights violations, according to federal judiciary data. But lawyers and victim advocates say it's not often that convicted criminals sue victims and their families.
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