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

11 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

 
 
 

1 year 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
11

2 hours ago

Japan's inflation slips as jobless rate edges up

Oct 30 2014 9:32pm CDT | Source: Townhall's

TOKYO (AP) — Japan's economic recovery remained in the doldrums in September, as household spending fell, inflation edged lower and un ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
10

2 hours ago

Outside Donors Focus More Attention on New York State Senate Races

Oct 30 2014 9:31pm CDT | Source: NYT-Politics

Political action committees are spending about $13 million this year in contests from Long Island ...
Source: NYT-Politics   Full article at: NYT-Politics
 

 
Update
9

5 hours ago

California eyes $500 billion in water spending

Oct 30 2014 6:38pm CDT | Source: Townhall's

SAN FRANCISCO (AP) — California's growing population and dwindling water require up to $500 billion in additional investment in water ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
8

7 hours ago

Pennsylvania boy who disappeared with father on sailboat found in South Pacific

Oct 30 2014 4:30pm CDT | Source: Townhall's

SEATTLE (Reuters) - A 9-year-old boy reported missing after he disappeared with his father aboard a sailboat in Washington state has bee ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

8 hours ago

Real-estate funds needn't be riled by rising rates

Oct 30 2014 3:37pm CDT | Source: Townhall's

NEW YORK (AP) — The threat of rising interest rates is raising real fears about real-estate mutual funds.Investors have pulled money ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
5

8 hours ago

Starbucks Americas sales weaker than expected

Oct 30 2014 3:15pm CDT | Source: Townhall's

(Reuters) - Starbucks Corp on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall.. ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

13 hours ago

Let’s set the facts straight

Oct 30 2014 10:28am CDT | Source: The Cabinet Press

To the Editor: During the past few weeks, you have heard a lot about the race for State Senate in District 9. Unfortunately, while it should have been about the state’s challenges and how we, as policy makers, see the path of solutions, my opponent has resorted to spending the past three weeks doing everything in his power to disparage me, my family and my business. When I decided to become politically active, I knew there would be days when people disagree a ...
Source: The Cabinet Press   Full article at: The Cabinet Press
 

 
Update
3

13 hours ago

Base voting decision off 3 questions

Oct 30 2014 10:07am CDT | Source: The Cabinet Press

To the Editor: With all the negative advertising barraging the airways about the various candidates, it can sometimes be difficult to determine the truth. Negative advertising is often misleading or even dishonest and can confuse voters about the various issues. I suggest an easier way to m ...
Source: The Cabinet Press   Full article at: The Cabinet Press
 

 
Update
2

13 hours ago

Havenstein is change NH needs

Oct 30 2014 10:04am CDT | Source: The Cabinet Press

To the Editor: There are many unfavorable things we can say about the current NH state of affairs. Two to consider are: In 2010, our state faced a $800,000+ deficit, which was corrected by the Republican legislature in 2011/12. NH is again projecting a deficit of $100-$400 million for 2013/14, even though a surplus was generated in 2011/12. About $40 Million is due to HHS ObamaCare overspending. And within two years, NH has slipped from 19th to 30th as a state in which to do b ...
Source: The Cabinet Press   Full article at: The Cabinet Press
 

 
Update
1

16 hours ago

U.S. Economy Grows At 3.5 Percent Rate

Oct 30 2014 7:31am CDT | Source: Politics - The Huffington Post

WASHINGTON (AP) — The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years. The Commerce Department says that the third quarter result followed a 4.6 percent rebound in the second quarter. The economy shrank at a 2.1 percent rate in the first three months of the year due to a harsh winter. The report was th ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

China pledges financial aid to Afghanistan
Beijing, Oct 31 (IANS) China Friday pledged to provide a non-reimbursable assistance of 500 million yuan ($81.43 million) to Afghanistan this year, authorities said.
 
 
Kerry cites Modi visit to show new diplomatic challenges
Washington, Oct 31 (IANS) Citing Prime Minister Narendra Modi's US visit, Secretary of State John Kerry says US diplomacy faces new challenges in a globalised world with countries "flexing their muscles
 
 
Israel recalls ambassador after Sweden recognises Palestinian state
Jerusalem, Oct 31 (IANS) Israel recalled its ambassador to Sweden Thursday to protest the Scandinavian country's decision to recognise a Palestinian state, an Israeli foreign ministry source said.
 
 
China captures 180 economic crimes suspects abroad
Beijing, Oct 31 (IANS) China has captured 180 economic crime suspects abroad since a campaign began in July, the ministry of public security said Thursday.
 
 
 

Latest from the Network

Ariana Grande and Big Sean take next step
Ariana Grande and Big Sean are reportedly taking their relationship to the next level. The 26-year-old rapper is keen to take his girlfriend back to his hometown of Detroit, Michigan. A source told HollywoodLife.com: ''...
Read more on Celebrity Balla
 
Kerry cites Modi visit to show new diplomatic challenges
Washington, Oct 31 (IANS) Citing Prime Minister Narendra Modi's US visit, Secretary of State John Kerry says US diplomacy faces new challenges in a globalised world with countries "flexing their muscles and...
Read more on Politics Balla
 
Kaka to debut for Orlando City in a friendly
Rio de Janeiro, Oct 31 (IANS) Kaka is set to make his debut for Orlando City in a January friendly against Brazilian giants Flamengo, media reports said. The match has been scheduled for Jan 28 at the Arena Amazonia...
Read more on Sport Balla
 
Israel recalls ambassador after Sweden recognises Palestinian state
Jerusalem, Oct 31 (IANS) Israel recalled its ambassador to Sweden Thursday to protest the Scandinavian country's decision to recognise a Palestinian state, an Israeli foreign ministry source said. Yitzhak Bachman,...
Read more on Politics Balla
 
Cincinnati Reds Exercise $10.5M Club Option for Johnny Cueto
The Cincinnati Reds exercised a club option for ace pitcher Johnny Cueto for the 2015 MLB season on Oct. 30.According to MLB.com's Mark Sheldon, the club option is worth $10.5 million. The Reds also declined to exercise...
Read more on Sport Balla
 
'Big Hero 6' co-director loved Marvel comics as kid
Los Angeles, Oct 31 (IANS) Don Hall, the co-director of "Big Hero 6" -- a big screen adventure about the bond between a boy and his robot, says during his childhood, he was a fan of the eponymous Marvel comics, which...
Read more on Celebrity Balla
 
Australia to lift sanctions on Fiji
Sydney, Oct 31 (IANS) Australia's Foreign Minister Julie Bishop announced Friday that her government was lifting sanctions on Fiji that have been in place since the 2006 military coup in the country. "As I depart for...
Read more on Business Balla
 
Taylor Swift: I want to write poetry
Taylor Swift would love to write poetry. The 24-year-old - who has penned hit tracks like 'Red' and 'I Knew You Were Trouble' - has admitted that she'd like to try writing for other mediums. She told Associated Press...
Read more on Celebrity Balla
 
Jennifer Garner loves Ben Affleck's 'sexy' Batman voice
Jennifer Garner loves Ben Affleck's Batman voice. The 42-year-old actor plays the superhero in 'Batman v Superman: Dawn of Justice' and his wife of nine years admits she thinks the voice he uses is ''sexy''. She told...
Read more on Celebrity Balla
 
Reese Witherspoon hates 'likeable' tag
Reese Witherspoon hates being ''likeable''. The 'Water For Elephants' star dislikes when people brand her in that way because it affects which acting roles she is given. She told the New York Times newspaper: ''I've sat...
Read more on Celebrity Balla