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Case Status:    DISMISSED    
On or around 08/03/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: May 10, 2017

According to the Complaint, on October 31, 2016, Baker Hughes and GE issued a press release announcing that they had entered into a Transaction Agreement and Plan of Merger, which was subsequently amended on March 27, 2017 (the “Merger Agreement”), to combine Baker Hughes with GE O&G.

On March 29, 2017, Baker Hughes and GE filed with the United States Securities and Exchange Commission (“SEC”) a joint Registration Statement on Form S-4, which was amended on May 9, 2017 (the “Registration Statement”), in connection with the Proposed Transaction. The Complaint alleges the Registration Statement, which recommends that Baker Hughes stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the GE O&G Forecasts, Baker Hughes Forecasts, Baker Hughes Forecasts for GE O&G and the New Baker Hughes Forecasts, utilized by the Company’s financial advisor, Goldman, Sachs & Co. (“Goldman”), in its financial analyses; (ii) the valuation analyses prepared by Goldman in connection with the rendering of its fairness opinion; and (iii) the background and sale process leading up to the Proposed Transaction.

Pursuant to a stipulation by the parties, this case was ordered dismissed on August 3, 2017.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas - Integrated
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BHI
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 #: 17-CV-01457
JUDGE: Hon. Alfred H Bennett
DATE FILED: 05/10/2017
CLASS PERIOD START: 10/31/2016
CLASS PERIOD END: 05/10/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Bilek Law Firm, L.L.P.
    808 Travis, Suite 802, The Bilek Law Firm, L.L.P., TX 77002
    713.227.7720 713.227.7720 ·
  2. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
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