Robbins LLP reminds investors that a class action has been filed on behalf of all sellers of ChampionX Corporation common stock between February 29, 2024 and April 1, 2024. The lawsuit alleges that ChampionX repurchased 216,000 shares during that period without disclosing material nonpublic information about Schlumberger Limited's offers to purchase ChampionX at a premium. When the potential acquisition became known, ChampionX's stock price climbed sharply, harming investors who had sold. Shareholders who wish to serve as lead plaintiff must file their papers with the court by July 14, 2026.
SLB N.V.SLB N.V. is the same entity as Schlumberger NV; same reasoning applies.
Schlumberger NVSchlumberger is mentioned as the acquirer that offered to purchase ChampionX at a premium, but the article focuses on the class action against ChampionX, not on Schlumberger's own business.