Green Touch Builders | $2 billion Cheniere Energy shareholder suit comes to a close
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March 23, 2015 By SEO Admin

$2 billion Cheniere Energy shareholder suit comes to a close

The shareholder class action complaint against Houston-based Cheniere Energy Inc. (NYSE: LNG) and many of its top executives over $2 billion worth of stock awards has been settled.

The settlement that came out of Delaware’s Court of Chancery said the company wouldn’t be able to ask shareholders for additional stock grants before 2017. The settlement also awarded the plaintiffs in the case $5.5 million in fees paid by Cheniere.

The complaint alleged that a Feb. 1, 2013, stockholder vote to nearly…