According to the Complaint, Layne Christensen Company is a leading global water management and services company, with more than 130 years of industry experience, providing responsible, sustainable, integrated solutions to address the world’s water, minerals and infrastructure challenges. The Company’s customers include government agencies, investor-owned utilities, industrial companies, global mining companies, engineering and consulting firms, oil and gas companies, power companies and agribusinesses.

This action stems from a Proposed Transaction announced on February 14, 2018, pursuant to which Layne Christensen will be acquired by Granite Construction Incorporated and its wholly owned subsidiary, Lowercase Merger Sub Incorporated.

On March 13, 2018, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

This case was voluntarily dismissed on June 27, 2018.