According to the Complaint, Amplify Energy Corp. 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.

This case was voluntarily dismissed on October 31, 2019.