Suit Over Cano Petroleum Share Offering Tossed
By Pete Brush ( December 4, 2009, 3:59 PM EST) -- A federal judge has dismissed for failure to state a claim a putative class action accusing Cano Petroleum Inc. and the financial firm Canaccord Adams Inc. of making misleading statements about the oil company's "proved reserves" ahead of a 2008 share offering....
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