E+B obtains dismissal of suit arising from dispute concerning ownership of geophysical services company involved in seismic monitoring of hydraulic fracturing.

Eggleston + Briscoe partners Bill Eggleston and Ray Gregory obtained the dismissal of all claims pending against their clients in a Houston federal court proceeding. Eggleston + Briscoe’s clients, former shareholders in the company, had been sued after they complained that the company purchased their shares under a stock repurchase agreement for less than full value and prior to full disclosure by the company as to a potential sale of company shares at a price 20 times the price paid to Eggleston + Briscoe’s clients.