ChampionX Shareholder Class Action Reminder
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Globenewswire
- Class Action Notice: Rosen Law Firm reminds shareholders who sold ChampionX common stock between February 29 and April 1, 2024, to apply as lead plaintiffs by July 14, 2026, to participate in the class action and seek compensation.
- Lawsuit Background: The lawsuit alleges that ChampionX failed to disclose critical information during the acquisition offer period, artificially deflating its stock price, which averaged $33.32 per share, while Schlumberger's offers ranged from $36.70 to $37.80 per share.
- Disclosure of Acquisition: ChampionX disclosed its merger with Schlumberger on April 2, 2024, ultimately closing the deal at $40.58 per share, indicating potential violations in information disclosure practices by the company.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its extensive experience and success in such cases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
