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Case Status:    ONGOING    
On or around 09/13/2019 (Ongoing date of last review)

Filing Date: January 30, 2019

According to the Complaint, Silver Run II was formed in 2016 as a blank check company organized under the laws of Delaware. In August 2017, Silver Run II announced that it had entered into an agreement, subject to shareholder approval, to merge with two privately held companies, Alta Mesa and Kingfisher, in a deal initially valued at $3.8 billion. Alta Mesa was an oil and gas exploration and production company operating in the STACK play in the Anadarko Basin area of Oklahoma. Kingfisher specialized in the gathering, processing, and marketing of hydrocarbons from oil and gas producers. The two companies were closely related and shared overlapping and affiliated owners.

The Complaint alleges that in early 2018, in order to secure shareholder support for the Acquisition, Silver Run II issued a materially false and misleading Definitive Merger Proxy Statement on Schedule M14A (the “Proxy”). The Proxy, which recommended that Silver Run II’s shareholders vote in favor of the Acquisition, allegedly included false and/or misleading statements of fact and omitted facts necessary to make the statements made therein not false or misleading in contravention of §§14(a) and 20(a) of the Exchange Act and SEC Rule 14a-9.

On April 29, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. On May 3, the Court issued an Order transferring the action to the Southern District of Texas for consolidation. On September 13, the Company issuer filed a Notice of Suggestion of Bankruptcy.

COMPANY INFORMATION:

Sector: Conglomerates
Industry: Conglomerates
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AMR
Company Market: NASDAQ
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. New York
DOCKET #: 19-CV-00920
JUDGE: Hon. Louis L. Stanton
DATE FILED: 01/30/2019
CLASS PERIOD START: 08/01/2017
CLASS PERIOD END: 03/29/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. O'Donoghue & O'Donoghue LLP
  2. Robbins Geller Rudman & Dowd LLP (Melville)
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 19-CV-02982
JUDGE: Hon. Louis L. Stanton
DATE FILED: 08/12/2019
CLASS PERIOD START: 08/01/2017
CLASS PERIOD END: 03/29/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. O'Donoghue & O'Donoghue LLP
    4748 Wisconsin Avenue, N.W., O'Donoghue & O'Donoghue LLP, DC 20016
    (202) 362-0041 (202) 362-2640 ·
  2. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
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