Snapshot from Jun 11, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / ChampionX Class Action Lawsuit Filed
Regulatory class action lawsuit

ChampionX Class Action Lawsuit Filed

Analysis based on 12 articles · First reported May 22, 2026 · Last updated Jun 10, 2026

Sentiment
-50
Attention
4
Articles
12
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit against ChampionX could lead to significant financial liabilities for the company, potentially impacting its former shareholders and current investors of SLB, which acquired ChampionX. The allegations of undisclosed acquisition offers and share repurchases at deflated prices highlight concerns about corporate governance and transparency in M&A activities, which can affect investor confidence in the broader market.

Legal Services Oil and Gas
Event Summary

A class action lawsuit has been filed by Berger Montague PC against ChampionX Corporation on behalf of investors who sold ChampionX common stock between February 29, 2024, and April 1, 2024. The lawsuit alleges that ChampionX repurchased its shares at artificially depressed prices while possessing material non-public information about unsolicited acquisition offers from SLB. Specifically, SLB made offers of $36.70 and $37.80 per share, while ChampionX's average stock price during the period was $33.32. ChampionX eventually disclosed the merger with SLB on April 2, 2024, and the acquisition closed on July 16, 2025, at $40.58 per share. The lawsuit claims ChampionX had an obligation to disclose the offers or abstain from repurchasing shares.

Key Actions
100 Berger Montague announced class action ChampionX
100 Bragar Eagel & Squire filed class action lawsuit ChampionX
89 ChampionX repurchased common stock
76 SLB made unsolicited offer ChampionX
66 ChampionX disclosed merger SLB
Entities Involved
stock
ChampionX
ChampionX is the defendant in a class action lawsuit for allegedly repurchasing its own shares at artificially depressed prices while in possession of material non-public information regarding acquisition offers from SLB. This event negatively impacts its reputation and could lead to financial penalties.
Importance 100 Sentiment -70
priv
Berger Montague
Berger Montague is the national plaintiffs' law firm that announced and is leading the class action lawsuit against ChampionX, seeking to represent investors who sold shares during the Class Period.
Importance 80 Sentiment 50
priv
Bragar Eagel & Squire
Bragar Eagel & Squire is a law firm that filed a class action lawsuit against ChampionX>>> on behalf of investors who sold its common stock during a specific period.
Importance 80 Sentiment 20
stock
SLB
SLB made unsolicited acquisition offers to ChampionX and eventually acquired the company. While not directly involved in the lawsuit, its offers are central to the allegations against ChampionX.
Importance 70 Sentiment 0
per
Andrew Abramowitz
Andrew Abramowitz is a contact person at Berger Montague for investors interested in the class action lawsuit against ChampionX.
Importance 40 Sentiment 30
per
Caitlin Adorni
Caitlin Adorni is a contact person at Berger Montague for investors interested in the class action lawsuit against ChampionX.
Importance 40 Sentiment 30
per
Brandon Walker
Brandon Walker>>> is a litigation partner at Bragar Eagel & Squire>>> who is encouraging investors to contact him regarding the class action lawsuit against ChampionX>>>.
Importance 40 Sentiment 10
per
Melissa Fortunato
Melissa Fortunato>>> is a partner at Bragar Eagel & Squire>>> who is encouraging investors to contact her regarding the class action lawsuit against ChampionX>>>.
Importance 40 Sentiment 10
govactor
United States — United States District Court for the Northern District of California
The United States — United States District Court for the Northern District of California>>> is where the class action lawsuit against ChampionX>>> was filed.
Importance 20 Sentiment 0
NEWSDESK
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