A shareholder in Marathon Oil has filed a lawsuit seeking to stop an acquisition of the company by ConocoPhillips, claiming that the price Conoco agreed to pay undervalued the company. Per a Bloomberg report on the news, investor Martin Siegel alleged in his filing that the acquisition could deprive Marathon Oil shareholders of some $6 billion in company value. Siegel also accused the company’s management and its adviser Morgan Stanley of misrepresenting the deal with Conoco to shareholders when it sought their backing for the move. Conoco…
