Case Page

 

Case Status:    DISMISSED    
On or around 04/26/2016 (Date of order of final judgment)

Filing Date: August 15, 2014

According to the law firm press release, the Complaint alleges that defendants made false and misleading statements and/or failed to disclose: (1) that the Company's production for one of its largest customers was in decline; (2) that the Company engaged in improper conduct related to its operations in Russia; and (3) that the Company's business practices in Russia were in violation of the U.S. Foreign Corrupt Practices Act. As a result, the lawsuit claims that when these adverse facts became known, the value of Key Energy's stock dropped, damaging investors.

On December 11, 2014, the Court issued an Order appointing lead plaintiff and approving lead counsel. Lead Plaintiff filed a consolidated complaint on February 13, 2015.

On March 31, 2016, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to file an amended complaint. Plaintiffs did not file an amended complaint, thus Final Judgment was entered on April 26.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil Well Services & Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: KEG
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.
COURT: S.D. Texas
DOCKET #: 14-CV-02368
JUDGE: Hon. Keith P Ellison
DATE FILED: 08/15/2014
CLASS PERIOD START: 07/25/2013
CLASS PERIOD END: 07/17/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Payne Mitchell Law Group, LLP
    2911 Turtle Creek Blvd., Suite 1400, Payne Mitchell Law Group, LLP, TX 75219
    214-252-1888 214-252-1889 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 14-CV-02368
JUDGE: Hon. Keith P Ellison
DATE FILED: 02/13/2015
CLASS PERIOD START: 09/04/2012
CLASS PERIOD END: 07/17/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
  2. Spector Roseman Kodroff & Willis, P.C. (Philadelphia)
    1818 Market Street, Suite 2500, Spector Roseman Kodroff & Willis, P.C. (Philadelphia), PA 19103
    215.496.0300 215.496.6611 ·
No Document Title Filing Date