Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 03/06/2020 (Notice of voluntarily dismissal)

Filing Date: February 17, 2020

According to the Complaint, WPX Energy, Inc. is an independent energy producer with core positions in the Permian and Williston basins.

On December 15, 2019, WPX Energy, Inc.’s Board of Directors caused the Company to enter into a securities purchase agreement with Felix Investments Holdings II, LLC. Pursuant to the terms of the Purchase Agreement, WPX will purchase 100% of the issued and outstanding membership interests of Felix Energy Holdings II, LLC for $2.5 billion, consisting of $900 million in cash and 152,963,671 shares of WPX common stock.

On February 5, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission, which recommends that the Company’s stockholders vote to approve the Proposed Transaction at a special meeting of stockholders scheduled for March 5, 2020. The Complaint alleges that the Proxy Statement omits material information, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on March 6, 2020.


Sector: Energy
Industry: Oil & Gas - Integrated
Headquarters: United States


Ticker Symbol: WPX
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 #: 20-CV-00225
JUDGE: Hon. Colm F. Connolly
DATE FILED: 02/17/2020
CLASS PERIOD END: 02/17/2020
  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