Snapshot from Jul 19, 2026 at 14:14 UTC. For live data and tracking: View Live
Events / Regulatory / ChampionX class action lawsuit
Regulatory class action

ChampionX class action lawsuit

Analysis based on 8 articles · First reported Jun 17, 2026 · Last updated Jul 08, 2026

Sentiment
-30
Attention
2
Articles
8
Market Impact
General
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Market Impact

The lawsuit may result in financial penalties for ChampionX (now part of SLB) and could affect SLB's reputation. The case highlights potential securities law violations in stock buybacks during merger negotiations.

Oil and Gas Legal Services
Event Summary

Berger Montague filed a class action lawsuit 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 own shares at market prices artificially deflated by the concealment of undisclosed acquisition offers from SLB. ChampionX received an unsolicited offer from SLB on February 29, 2024 at $36.70 per share, and a raised offer on March 7, 2024 at $37.80 per share, while the average stock price during the class period was $33.32 per share. On April 2, 2024, ChampionX disclosed the merger agreement with SLB, which closed on July 16, 2025 at $40.58 per share. The deadline for investors to seek lead plaintiff status is July 14, 2026.

Key Actions
90 ChampionX repurchased common stock
70 ChampionX disclosed merger agreement
60 SLB made unsolicited offer ChampionX
50 Berger Montague announced class action ChampionX
Entities Involved
stock
ChampionX
ChampionX is the defendant, accused of securities fraud for repurchasing shares while concealing acquisition offers.
Importance 100.0 Sentiment -50.0
priv
Berger Montague
Berger Montague is the law firm representing the class, seeking to recover damages for investors.
Importance 80.0 Sentiment 0.0
stock
SLB
SLB acquired ChampionX in July 2025 and is mentioned as the acquirer; the lawsuit may affect SLB's financials.
Importance 60.0 Sentiment -10.0
exch
Nasdaq
Nasdaq is the exchange where ChampionX was listed; no direct impact.
Importance 10.0 Sentiment 0.0
per
Andrew Abramowitz
Andrew Abramowitz is a contact attorney at Berger Montague for the lawsuit.
Importance 5.0 Sentiment 0.0
per
Caitlin Adorni
Caitlin Adorni is a contact attorney at Berger Montague for the lawsuit.
Importance 5.0 Sentiment 0.0
Relationships
ChampionX related ↔ SLB
Berger Montague related ↔ Nasdaq
Berger Montague related ↔ Andrew Abramowitz
Berger Montague related ↔ Caitlin Adorni
Andrew Abramowitz co-counsel ↔ Caitlin Adorni Andrew Abramowitz directly collaborates with Caitlin Adorni as co-counsel, jointly managing investor inquiries for numer
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