On or around 07/17/2019 (Ongoing date of last review)
Filing Date: July 16, 2019
According to the Complaint, Amplify is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil and natural gas properties.
This action stems from a proposed transaction announced on May 6, 2019, pursuant to which Amplify Energy Corp. will be acquired by Midstates Petroleum Company, Inc.
On May 5, 2019, Amplify’s Board of Directors caused the Company to enter into an agreement and plan of merger with Midstates. Pursuant to the terms of the Merger Agreement, Amplify stockholders will receive 0.933 shares of Parent common stock for each share of Amplify common stock they own.
On June 26, 2019, Defendants filed a proxy statement/prospectus with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
Company & Securities Information
Defendant: Amplify Energy Corp.
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: AMPY
Company Market: OTC-BB
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.
First Identified Complaint
Eric Sabatini, et al. v. Amplify Energy Corp., et al.