ChampionX & SLB

ChampionX: ChampionX is the defendant in multiple class action lawsuits alleging securities fraud for repurchasing its own stock while in possession of non-public acquisition offers from SLB, which artificially deflated its stock price during the Class Period.

SLB: SLB made an unsolicited offer to acquire ChampionX, which was allegedly not disclosed to the public while ChampionX was repurchasing its own stock, forming the basis of the class action lawsuit.

ChampionX: ChampionX is the defendant in the class action lawsuit, accused of making false and misleading statements and failing to disclose material nonpublic information regarding acquisition offers from SLB while repurchasing its own stock.

SLB: SLB made unsolicited offers to acquire ChampionX at a premium, which ChampionX allegedly failed to disclose while repurchasing its own stock, forming a central part of the class action allegations.