360° Coverage : Denver District Court Rules in Favor of Heartland Energy...

12 Updates
Denver District Court Rules in Favor of Heartland Energy Development Corporation in State Challenge Decision; Supports Joint Venture Investment Practices
Photo Credit: PR.com

Denver District Court Rules in Favor of Heartland Energy Development Corporation in State Challenge Decision; Supports Joint Venture Investment Practices

Oct 21 2013, 2:42pm CDT | by PR.com

The Denver District Court ruled in favor of local oil and gas exploration companies in a state challenge over securities regulations.

Denver, CO, October 21, 2013 --(PR.com)-- On October 17, 2013, the Denver District Court ruled in favor of Heartland Energy Development Corporation (HEDC), a Colorado oil and gas exploration...

Filed under: news

YouTube Videos Tweets

 
 
 

49 weeks ago

Denver District Court Rules in Favor of Heartland Energy Development Corporation in State Challenge Decision; Supports Joint Venture Investment Practices

Oct 21 2013, 2:42pm CDT | by PR.com

The Denver District Court ruled in favor of local oil and gas exploration companies in a state challenge over securities regulations.

Denver, CO, October 21, 2013 --(PR.com)-- On October 17, 2013, the Denver District Court ruled in favor of Heartland Energy Development Corporation (HEDC), a Colorado oil and gas exploration company, and other defendants over a challenge brought by the Colorado Securities Commissioner.

The Securities Commissioner filed suit in 2009 alleging that joint venture investment partnerships sold by HEDC and other defendants were securities, despite contrary decisions by a federal district court, the Colorado Securities Board and a jury. Last week’s ruling unequivocally supported HEDC by rejecting the State’s allegations of securities law violations based on three key findings:

-The joint venture investments were not securities;
-The investor marketing practices were lawful; and,
-The company’s joint venture investors possessed “significant knowledge and experience in business affairs” and understood the investment risks.

“The ruling by the Denver District Court is a victory for entrepreneurs and their partners,” said Brandon Davis, chief executive officer of HEDC. “The ruling confirms that our business practices - partnering with investors who are well educated, well financed and completely aware of the inherent risks associated with investing in oil and gas exploration projects are sound.”

In regard to the knowledge and qualification of investors, the court’s decision stated:

"The persuasive and credible evidence in the record compels the court’s conclusion that the partners in the Joint Ventures were capable of intelligently exercising the partnership powers granted to them in the joint venture agreements."

“The court’s decision strongly affirms that joint ventures are not securities,” added A. Thomas Tenenbaum, attorney for HEDC and Brandon Davis. “This case has been followed by regulators and securities lawyers because the court’s favorable ruling for HEDC confirms businesses can raise capital through joint ventures without being subject to burdensome securities regulations. Mr. Davis and HEDC stood fast through four years of litigation to have their day in court, and obtained vindication.”

About Heartland Energy Development Corporation and Swan Energy, Inc.
Heartland Energy Development Corporation (HEDC), is a wholly owned subsidiary of Swan Energy, an independent oil and gas company specializing in the exploration and production of domestic oil and natural gas fields. For more information, visit www.swanenergyinc.com.

Contact Information:
Tuckahoe Strategies
Ramsey Poston
386-547-2608
Contact via Email
www.TuckahoeStrategies.com
@TuckahoeStrat

Read the full story here: http://www.pr.com/press-release/523187

Press Release Distributed by PR.com

Source: PR.com

 
Update
12

Tweets

 
 
Update
11

23 minutes ago

Social Security Q&A: Can You Swap Filing and Suspending for a Lump Sum Payment before 70?

Oct 1 2014 11:12pm CDT | Source: Forbes Real Time

Social Security may be your largest or one of your largest assets. How you manage it, by deciding which benefits to collect and when, can make an absolutely huge difference to your lifetime benefits. And those with the highest past covered earnings have the most to gain ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
10

1 hour ago

Guest Post: When Income Tax Cuts Masquerade As Estate Tax Repeal

Oct 1 2014 9:52pm CDT | Source: Forbes Real Time

It's time for guest posts! Today, Josh Hoxie of the Director of the Project on Taxation and Opportunity at the Institute for Policy Studies (IPS) discusses the federal estate tax and ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
9

4 hours ago

 
Update
8

4 hours ago

Coca-Cola, Yielding to Criticism, Revises Its Plan for Executive Pay

Oct 1 2014 6:58pm CDT | Source: NewYorkTimes-Business Day

The big question that now hangs over the company is whether the adjustments will satisfy the shareholders who had voiced their concerns o ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
Update
6

8 hours ago

Does Keurig Green Mountain's $1 Billion Buyback Make Sense?

Oct 1 2014 3:30pm CDT | Source: Fool.com

Keurig Green Mountain is spending big bucks on stock buybacks. Here's what investors need t ...
Source: Fool.com   Full article at: Fool.com
 

 
Update
5

8 hours ago

What Activision Blizzard Investors Need to Know in October

Oct 1 2014 3:30pm CDT | Source: Fool.com

It was a rough September for Activision shareholders. Here's whats in store thi ...
Source: Fool.com   Full article at: Fool.com
 

 
Update
4

8 hours ago

Shoe-loving Portland entrepreneur looks to fund his 'Chucks' customization methods

Oct 1 2014 3:25pm CDT | Source: Business Journal of Portland

A Portland entrepreneur has launched a Kickstarter campaign to raise money for eyelets that can quickly customize Chuck Taylor shoes. Capsole founder Dominick Guglielmo launched the campaign Wednesday. It runs for 45 days and has already raised nearly $3,700 of its $27,000 goal. The money will be used to bring the product to market. If the company doesn't hit the goal, it won't immediately start production. The company makes eyelets t ...
Source: Business Journal of Portland   Full article at: Business Journal of Portland
 

 
Update
3

8 hours ago

Rieder: The embattled newspaper business

Oct 1 2014 3:22pm CDT | Source: USATODAY

Cutbacks at The New York Times and elsewhere are disheartening, but the industry's far from dead         ...
Source: USATODAY   Full article at: USATODAY
 

 
Update
2

8 hours ago

Maplewood shopping center sells for $27M

Oct 1 2014 3:04pm CDT | Source: Minneapolis- St. Paul Business Journal

The Birch Run Station shopping center near Maplewood Mall sold to a Colorado-based company for $27 million. The 278,000 square foot shopping center in Maplewood is anchored by Marshalls, Burlington Coat Factory, Herberger's, Dollar Tree and Jo-Ann Stores. The buyer is GDA Real Estate of Greenwood Village, Colo. The seller is RPD Catalyst of Los Angeles. Mid-America Real Estate Corp. brokered the sal ...
Source: Minneapolis- St. Paul Business Journal   Full article at: Minneapolis- St. Paul Business Journal
 

 
Update
1

9 hours ago

Azharuddin, Chandilya team owners in Champions League

Oct 1 2014 1:51pm CDT | Source: Business Standard

The franchises have each forked out Rs 6 crore as franchise fees this year, and Amritraj informs the amount will not change from year ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development.
 
 
IMF calls for more oversight of shadow banks
Washington, Oct 2 (IANS) The International Monetary Fund (IMF) Wednesday urged countries to include oversight of shadow banking as part of their policies designed to keep the overall financial system safe.
 
 
US, Brazil strike new deal to end cotton trade dispute
Washington, Oct 2 (IANS) The US and Brazil reached an agreement Wednesday to end a decade-long cotton dispute between the two countries.
 
 
US sends 700 soldiers to Liberia to fight Ebola
Washington, Oct 2 (IANS) US Defence Secretary Chuck Hagel has authorised the deployment of 700 soldiers to Liberia to help with the fight against the Ebola epidemic there, the Defence Department said in a statement Wednesday.
 
 
 

Latest from the Network

Obama 'deeply concerned' over Israel's settlement expansion plan
Washington, Oct 2 (IANS) President Barack Obama Wednesday voiced "deep concern" in his meeting with Israeli Prime Minister Benjamin Netanyahu over the country's plan to build some 2,610 new homes for Israeli settlers...
Read more on Politics Balla
 
Alec Baldwin, Kevin Spacey in 'Boss Baby'?
Los Angeles, Oct 2 (IANS) Actors Alec Baldwin and Kevin Spacey have reportedly been signed up for an animation movie titled "Boss Baby". The two will lend their voices to the latest DreamWorks animation, which will be...
Read more on Celebrity Balla
 
US, Brazil strike new deal to end cotton trade dispute
Washington, Oct 2 (IANS) The US and Brazil reached an agreement Wednesday to end a decade-long cotton dispute between the two countries. Brazil sued the US in the World Trade Organisation (WTO) on cotton subsidies in...
Read more on Business Balla
 
Robert Downey Jr.'s wife gave him an ultimatum
Robert Downey Jr.'s wife refused to marry him until he got sober. The 49-year-old star first proposed to Susan Downey three months after they started dating after meeting on the set of 'Gothika' in 2003, but the 40-year...
Read more on Celebrity Balla
 
Jordin Sparks giving BMW back to Jason Derulo
Jordin Sparks plans to return her BMW to Jason Derulo. The 'No Air' singer, who split from the 'Talk Dirty' hitmaker last month, has decided to give him back the luxurious vehicle that he bought for her last Christmas....
Read more on Celebrity Balla
 
Real Madrid stays perfect thanks to late goal from Benzema
Madrid, Oct 2 (IANS/EFE) Second-half substitute Karim Benzema scored to give Real Madrid a 2-1 win over Ludogorets Wednesday, leaving the Blancos at the head of Champions League Group B with six points after two...
Read more on Sport Balla
 
Secret service director resigns over White House security lapse
Washington, Oct 2 (IANS) The US secret service director Julia Pierson resigned Wednesday over a recent White House security breach. According to a statement released Wednesday afternoon by the US Department of...
Read more on Politics Balla
 
31 killed in attack near school in Syria
Beirut, Oct 2 (IANS/EFE) Several children were among the 31 people killed in a pair of bombings near a school in the central Syrian city of Homs, a Syrian official said. Seventy-four others were injured in the blasts...
Read more on Politics Balla
 
'Rush Hour' to hit small screen as TV series
Los Angeles, Oct 2 (IANS) Chris Tucker and Jackie Chan's blockbuster film franchise "Rush Hour" is heading to the small screen. Warner Bros. Television team has recruited "Scrubs" creator Bill Lawrence and "Mad Men"...
Read more on Celebrity Balla