––––––––––––––––––––
Subscribe to the Legal News!
http://www.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available
- Posted September 09, 2011
- Tweet This | Share on Facebook
Magistrate judge says suit over Chevron stock should be dismissed
DETROIT (AP) -- A Detroit-area man who is suing to get valuable stock in oil giant Chevron is hitting a dry well.
A judge is recommending that Perry Christy's lawsuit be dismissed. The Northville man wants to invest $100,000 in Chevron stock -- at 2004 prices.
Christy insists he invested that amount seven years ago but the money was never taken out of his checking account. There is no dispute that the former lawyer went online and created a Chevron stock account.
Chevron and Mellon Investor Services say Christy simply is trying to benefit from the rise in the company's stock price. A $100,000 investment in 2004 would be worth more than $250,000 today with dividends reinvested.
Federal Magistrate Judge Laurie Michelson is recommending to another judge that the case be dismissed.
Published: Fri, Sep 9, 2011
headlines Oakland County
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case