February 27, 2018
An Oklahoma federal judge declined Monday to sanction Monteverde & Associates PC for filing a client's shareholder action over the $1.76 billion merger deal that Seventy Seven Energy Inc. inked, saying the oilfield services company did not show the litigation lacked merit.
September 07, 2017
Seventy Seven Energy Inc. on Wednesday asked an Oklahoma federal judge to sanction counsel for a shareholder, alleging the firm filed a proposed class action over a merger solely to generate attorneys' fees.
April 06, 2017
Seventy Seven Energy Inc. blasted a stockholder's attempt to stop an investor vote on a proposed $1.76 billion merger with Patterson-UTI Energy Inc., saying that her claims are inconsistent with the U.S. Securities and Exchange Commission's approach to disclosure and decades' worth of public disclosures related to proposed mergers.
February 23, 2017
Seventy Seven Energy Inc.'s proposed $1.76 billion merger with Patterson-UTI Energy Inc. offers SSE shareholders too little, and the deal doesn't reveal information about conflicts of interest and concrete financial projections, a proposed class of investors say in a lawsuit filed Wednesday in Oklahoma federal court.