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

 
 
 

39 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

27 minutes ago

World’s Largest Oil Company Announces It Won’t Discriminate Against LGBT People

Jul 23 2014 8:06am CDT | Source: ThinkProgress

CREDIT: AP Photo/Gene J. Puskar ExxonMobil is one of the U.S.’s biggest federal contractors, but also a company with some of the least LGBT-inclusive policies in the country — earning it the Human Rights Campaign’s first negative score on its Corporate Equality Index. But on Tuesday, the company announced that it will comply with President Obama’s new executive order requiring federal contractors not to discriminate against LGB ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
10

9 hours ago

VA cites privacy concerns in whistleblower case

Jul 22 2014 11:00pm CDT | Source: Citizens voice

The Department of Veterans Affairs Medical Center in Plains Township released a statement Tuesday in response to a report issued by a nonprofit watchdog organization. Thomas Tomasco, a doctor who worked at the hospital, left his job “under duress ...
Source: Citizens voice   Full article at: Citizens voice
 

 
Update
9

17 hours ago

Mom arrested for letting daughter play in park is out of jail — but out of a job

Jul 22 2014 3:08pm CDT | Source: Salon.com

Thanks, McDonald's! The fast food chain has fired Debra Harrell, making a bad situation unfathomably wo ...
Source: Salon.com   Full article at: Salon.com
 

 
Update
8

21 hours ago

Labour plans Tory cuts

Jul 22 2014 11:30am CDT | Source: Socialist Worker UK

Business Groups Discuss Immigration Reform
The Labour leadership’s pitch to voters for next year’s general election is that we need “big reform, not big spe ...
Source: Socialist Worker UK   Full article at: Socialist Worker UK
 

 
Update
6

1 day ago

Turning Profits Into Productivity: Businesses Need to Spend More. The Future of the Economy Depends on It.

Jul 21 2014 3:39pm CDT | Source: NYT-Politics

Business Groups Discuss Immigration Reform
Capital spending improves worker productivity, and worker productivity leads to better l ...
Source: NYT-Politics   Full article at: NYT-Politics
 

 
Update
5

1 day ago

Figures on government spending and debt

Jul 21 2014 3:00pm CDT | Source: Townhall's

Business Groups Discuss Immigration Reform
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

1 day ago

Border Patrol Whistleblower: We’re being ordered to release pregnant illegals

Jul 21 2014 2:27pm CDT | Source: Infowars

Business Groups Discuss Immigration Reform
Unannounced decree creates yet another federally-sanctioned loophole for illegals ...
Source: Infowars   Full article at: Infowars
 

 
Update
3

1 day ago

These Are The Countries Where Kids Go To School For The Longest

Jul 21 2014 9:33am CDT | Source: Politics - The Huffington Post

On average, kids in Australia can expect to spend up to 15 more years in school than kids in Niger. A new report from Cornell University, international business school INSEAD and the World Intellectual Property Organization looks, in part, at global "school life expectancy," that is to say, how many years students around the world can expect to spend in school. Titled "The Global Innovation Index ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

2 days ago

Budget supports create uncertainty

Jul 20 2014 11:00pm CDT | Source: Citizens voice

Business Groups Discuss Immigration Reform
HARRISBURG — The ink is barely dry on the new $29 billion state budget, but spending cuts or freezes to keep it balanced loom. Interest groups frequently point to line-item victories when a budget is signed. But the response has been muted this year be ...
Source: Citizens voice   Full article at: Citizens voice
 

 
Update
1

2 days ago

Despite U.S. Efforts, Root Causes of Migration Crisis Prevail in Central America

Jul 20 2014 7:00pm CDT | Source: World Politics Review

Business Groups Discuss Immigration Reform
The United States, Guatemala, Honduras and El Salvador are frantically trying to address the humanitarian crisis unfolding on both the U.S. border and in Central America. They have pursued several initiatives to combat violence, strengthen democracy and promote economic opportunity, to stem the sudden increase of young migrants heading north. But such efforts have not delivered thei ...
Source: World Politics Review   Full article at: World Politics Review
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

UN warns of possible Israeli war crimes in Gaza
Geneva/Jerusalem, July 23 (IANS/EFE) UN High Commissioner for Human Rights Navi Pillay Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the death toll in Israel's two-week offensive on the Palestinian enclave rose to over 650, mostly civilians.
 
 
Online visa for Indians travelling to Bahrain
New Delhi, July 23 (IANS) Indians travelling to Bahrain will be able to apply for electronic visas from October this year under new visa rules announced in the Gulf country.
 
 
23 more killed in Israeli offensive, Gaza toll 650
Gaza, July 23 (IANS) Israel's large-scale offensive continues to wreak havoc on the Gaza Strip, killing 23 Palestinians and wounding around 230 others Wednesday and pushing the toll in the coastal enclave to over 650.
 
 
Netherlands observes day of national mourning for MH17 victims
The Hague, July 23 (IANS) The Netherlands observed a day of national mourning Wednesday for the victims of Malaysia Airlines flight MH17 crash in eastern Ukraine.
 
 
 

Latest from the Network

HSBCVoice: What's Driving Mexico's Growth?
By Daniel Broderick Mexico’s increasing purchasing power, as well as key reforms passed by recently elected President Enrique Peña Nieto, have contributed to what economic experts at HSBC say may become the world’s...
Read more on Auto Balla
 
Apple denies intentionally compromising iOS security, explains ‘backdoor’ features
Following an extensive security report from an iOS forensic and security expert that questioned some of Apple’s iOS tools when it comes to the user’s security and privacy (see his questions in the image above), Apple...
Read more on Apple Balla
 
Google Dominates Autonomous Cars Influence as Auto Makers Lag Behind
Self-driving cars are not yet on dealer lots, but the space is heating up and it’s being led by tech companies while traditional automakers make efforts to catch-up. A new Appinions’ Influence study released today,...
Read more on Auto Balla
 
UN warns of possible Israeli war crimes in Gaza
Geneva/Jerusalem, July 23 (IANS/EFE) UN High Commissioner for Human Rights Navi Pillay Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the death toll in Israel's two-week...
Read more on Politics Balla
 
Online visa for Indians travelling to Bahrain
New Delhi, July 23 (IANS) Indians travelling to Bahrain will be able to apply for electronic visas from October this year under new visa rules announced in the Gulf country. Such e-visas can be obtained ahead of...
Read more on Politics Balla
 
Indian girls eyeing a winning start against Canada
Glasgow, July 23 (IANS) The mix of youth and experience will be the key for India when the women's hockey team starts its campaign against Canada in the 2014 Commonwealth Games here Thursday. Both the teams have faced...
Read more on Sport Balla
 
23 more killed in Israeli offensive, Gaza toll 650
Gaza, July 23 (IANS) Israel's large-scale offensive continues to wreak havoc on the Gaza Strip, killing 23 Palestinians and wounding around 230 others Wednesday and pushing the toll in the coastal enclave to over 650...
Read more on Politics Balla
 
Netherlands observes day of national mourning for MH17 victims
The Hague, July 23 (IANS) The Netherlands observed a day of national mourning Wednesday for the victims of Malaysia Airlines flight MH17 crash in eastern Ukraine. This was the first time the country had observed a day...
Read more on Politics Balla
 
Vision Without Execution Is Just Hallucination
The title of this blog post is actually the favorite saying of serial entrepreneur, Steve Adams (thanks, Steve), and one of his heroes, Thomas Edison. A great vision is the table stakes for building a valuable business...
Read more on Auto Balla
 
Interesting GM Put And Call Options For March 2015
Investors in General Motors Co. (NYSE: GM) saw new options begin trading this week, for the March 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value...
Read more on Auto Balla