Constellation Energy Announces Delaware Court Issues Order for Preliminary Injunction
Constellation Energy Partners (NYSE: CEP) today announced that
the Court of Chancery of the State of Delaware (the “Court”) has issued
an order granting a motion for a preliminary injunction made by
plaintiffs in the PostRock Litigation. As a result of the order, CEP is
enjoined preliminarily from holding its annual meeting of unitholders on
December 5, 2013, or at any time before the Court has ruled on the
merits of plaintiffs' claims.
Once the Court has ruled on the merits of plaintiffs' claims, the
company's duly constituted board of managers shall promptly schedule and
hold the annual meeting.
The trial in the PostRock Litigation is scheduled for December 16 through