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Case Status:    ONGOING    
On or around 07/29/2019 (Ongoing date of last review)

Filing Date: July 29, 2019

According to the Complaint, C&J was founded in Texas in 1997. In 2015, C&J merged with the completion and production services business of Nabors Industries Ltd. The Company filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in July 2016, and emerged from bankruptcy in January 2017. After the Chapter 11 proceeding, C&J focused on becoming the leading oilfield services provider for onshore basins in the continental United States. The services provided by the Company include completion services, well construction and intervention services, and well support services.

This action stems from a proposed transaction announced on June 17, 2019, when C&J and Keane Group, Inc. announced that they had entered into a definitive merger agreement pursuant to which C&J stockholders will receive 1.6149 shares of Keane common stock for each share of C&J common stock that they hold. The deal is valued at approximately $1.8 billion and is expected to close in the fourth quarter of 2019.

On July 16, 2019, Defendants filed a registration statement (the “S-4”) with the United States Securities and Exchange Commission. The Complaint alleges that the S-4 contains materially incomplete and misleading information concerning the sales process, financial projections prepared by C&J management, and the financial analyses conducted by C&J’s financial advisor.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil Well Services & Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CJ
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: D. Delaware
DOCKET #: 19-CV-01411
JUDGE: Hon. Leonard P. Stark
DATE FILED: 07/29/2019
CLASS PERIOD START: 06/17/2019
CLASS PERIOD END: 07/29/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available