Case Page

 

Case Status:    ONGOING    
On or around 01/26/2018 (Ongoing date of last review)

Filing Date: January 26, 2018

According to the Complaint, Civeo is an integrated provider of workforce accommodations, logistics, and facility management services to the natural resource industry. The Company's scalable modular facilities provide long-term and temporary accommodations. Once facilities are deployed in the field, Civeo also provides catering and food services, housekeeping, laundry, facility management, water, and wastewater treatment, power generation, communications, and redeployment logistics. The Company operates in three principal business segments: Canada, Australia, and U.S.

On November 27, 2017, Civeo issued a press release announcing that it had entered into a Share Purchase Agreement (the “Merger Agreement”) by and among the Company, Noralta, Torgerson Family Trust (“Torgerson Trust”), and Lance Torgerson. Pursuant to the Merger Agreement, Civeo will acquire, directly or indirectly, all of the issued and outstanding shares of Noralta.

The Complaint alleges that on December 22, 2017, in order to convince Civeo stockholders to vote in favor of the Proposed Transaction, Defendants authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “14A”) with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CVEO
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 #: 18-CV-00259
JUDGE:
DATE FILED: 01/26/2018
CLASS PERIOD START: 11/27/2017
CLASS PERIOD END: 01/26/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
  2. 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 ·
No Document Title Filing Date