On or around 01/28/2020 (Notice of voluntarily dismissal)
Filing Date: November 08, 2019
According to the Complaint, Jagged Peak Energy Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the southern Delaware Basin, a sub-basin of the Permian Basin of West Texas.
This action stems from a proposed transaction announced on October 14, 2019, pursuant to which Jagged Peak Energy Inc. will be acquired by Parsley Energy, Inc.
On October 14, 2019, Jagged Peak’s Board of Directors caused the Company to enter into an agreement and plan of merger with Parsley. Pursuant to the terms of the Merger Agreement, Jagged Peak’s stockholders will receive 0.447 shares of Parent common stock for each share of Jagged Peak common stock they own.
On November 5, 2019, 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 January 28, 2020.
Company & Securities Information
Defendant: Jagged Peak Energy Inc.
Industry: Oil & Gas - Integrated
Headquarters: United States
Ticker Symbol: JAG
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.
First Identified Complaint
Eric Sabatini, et al. v. Jagged Peak Energy Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-02114
JUDGE: Hon. Colm F. Connolly
DATE FILED: 11/08/2019
CLASS PERIOD START: 10/14/2019
CLASS PERIOD END: 11/08/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available