KLX Energy Services Holdings, Inc. Securities Litigation
On or around 07/27/2020 (Notice of voluntarily dismissal)
Filing Date: June 09, 2020
According to the Complaint, KLX Energy Services Holdings, Inc. is a leading U.S. onshore provider of mission critical oilfield services focused on completion, intervention, and production activities for the most technically demanding wells.
On May 3, 2020, KLX Energy Services Holdings, Inc.’s Board of Directors caused KLX to enter into an agreement and plan of merger with Quintana Energy Services Inc.
On June 2, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission, which recommends that KLX’s stockholders vote to approve, among other things, the issuance of KLX shares 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 July 27, 2020.
Company & Securities Information
Defendant: KLX Energy Services Holdings, Inc.
Industry: Oil Well Services & Equipment
Headquarters: United States
Ticker Symbol: KLXE
Company Market: NASDAQ
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. KLX Energy Services Holdings, Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00778
JUDGE: Hon. Richard G. Andrews
DATE FILED: 06/09/2020
CLASS PERIOD START: 05/03/2020
CLASS PERIOD END: 06/09/2020
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
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available