On or around 10/14/2014 (Court's order of dismissal)
Filing Date: May 19, 2014
According to the law firm press release, the complaint arises out of a May 6, 2014 press release announcing that Forest Oil had entered into a definitive merger agreement with Sabine, pursuant to which Forest Oil shareholders would receive 0.1 shares of Sabine, a privately held company, for each share of Forest Oil owned (the "Proposed Transaction"). The complaint seeks injunctive relief on behalf of the named plaintiffs and all other similarly situated shareholders of Forest Oil as of May 6, 2014 (the "Class").
The named plaintiffs allege that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Forest Oil shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading registration statement on Form S-4 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Forest Oil shareholders' ability to make an informed decision whether to approve the Proposed Transaction.
On October 3, 2014, the Court issued an Order appointing lead plaintiffs and approving the selection of lead counsel.
This case was administratively closed on October 14, 2014.
Company & Securities Information
Defendant: Forest Oil Corporation
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: FST
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Robert Olinatz , et al. v. Forest Oil Corporation, et al.
COURT: D. Colorado
DOCKET #: 14-CV-01409
JUDGE: Hon. Marcia S. Krieger
DATE FILED: 05/19/2014
CLASS PERIOD START: 05/06/2014
CLASS PERIOD END: 05/19/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Robbins Arroyo LLP
First Identified Complaint (FIC) Filings:
Complaint Based Upon Self-Dealing and Breach of Fiduciary Duty
Amended Complaint Based Upon Self-Dealing and Breach of Fiduciary Duty and Violations of Federal Securities Laws
Order On Motion For Appointment Of Plaintiffs Robert Olinatz And George Sirois As Lead Plaintiffs And Approval Of Their Selection Of Lead Counsel
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available