BreitBurn Sued By Investor

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BreitBurn Energy Partners LP said Monday that a lawsuit filed against it by a Texas oil and gas company is without merit.

In a lawsuit filed Friday in a Texas district court, Fort Worth-based Quicksilver Resources Inc. said it acquired 41 percent of the outstanding units of Los Angeles-based BreitBurn in November 2007.

Quicksilver claims that its interests were not protected in Breitburn’s management-led $305 million buyout of a large stake held by Canada-based Provident Energy Trust. Breitburn unfairly limited Quicksilver voting rights and did not give it a chance to vote on the changes, Quicksilver said.

Breitburn shares closed up 76 cents, or 7 percent, to $12 in Monday trading on the New York Stock Exchange.

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