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In re Apache Corp. Securities Litigation, No. 4:21-cv-00575

  1. November 25, 2024

    $65M Deal In Texas Drilling Suit Gets Final OK

    A Texas federal judge gave the final green light Monday to a $65 million settlement against oil and gas company Apache Corp. filed by investors alleging they were deceived by promises of a potentially lucrative drilling project that ultimately led to a $3 billion write-down when it went bust.

  2. May 14, 2024

    Apache Investors Get First OK On $65M Deal In Drilling Suit

    A U.S. magistrate judge has given the first green light to a $65 million settlement resolving a lawsuit against oil and gas company Apache Corp. filed by investors alleging they were deceived by promises of a potentially lucrative drilling project that ultimately led to a $3 billion write-down when it went bust.

  3. February 26, 2024

    Apache's $3B Write-Down Merits Bigger Class, Investors Say

    A group of Apache Corp. investors on the cusp of winning class certification are arguing that their promised class should be extended to encompass even more investors who were allegedly deceived by company promises of a potentially lucrative drilling project that ultimately led to a $3 billion write-down when it went bust. 

  4. February 09, 2024

    Apache Investors Get Class Cert. In Suit Over Natural Gas Play

    A group of Apache Corp. investors received class certification in their suit against the Houston oil and gas company on Friday, with a Texas magistrate judge saying there's enough evidence the company misrepresented a specific natural gas play to go forward with a lawsuit.

  5. June 20, 2023

    Apache Fights Shareholders' Cert. Bid In Stock Drop Suit

    Oil and gas company Apache Corp. has argued against certifying a class of investors who sued the company in Texas federal court saying it made misleading statements about an exploration project that jacked up the price of its stocks and triggered major losses when the project fell through.

  6. April 10, 2023

    Apache Shareholders Push For Class Cert. In Stock Drop Suit

    Apache Corp. investors asked a Texas federal judge to certify a class of shareholders who say the oil and gas company's misleading statements about an exploration project falsely jacked up the stock price, triggering major losses when the project eventually fell through.

  7. November 30, 2022

    Apache Corp. Can't Dodge Investor Suit Over Dud Drilling Plan

    Apache Corp. failed to show that investors' consolidated proposed class action over a Permian Basin oil and gas discovery was improperly pled, with a Texas federal judge on Tuesday upholding the claims that the energy giant hyped up the investment despite knowing it was a dud.

  8. April 25, 2022

    Apache Investors Defend Suit Over Failed Drilling Project

    A pension fund that claims energy giant Apache hyped up a Permian Basin oil and gas discovery despite allegedly knowing the investment was a dud says Apache's attempt to dismiss the case raises "meritless challenges" in the face of "devastating facts."

  9. February 17, 2022

    Apache Fights Investor Suit Over Failed Drilling Project

    Apache says a pension group accusing it of lying about the prospects of a massive oil and gas extraction project in the Permian Basin has failed to identify actual false or misleading statements it made and wants the suit tossed.

  10. February 24, 2021

    Apache Faces Investor Suit Over Failed Drilling Project

    A Massachusetts-based pension group has accused energy giant Apache of lying about the prospects of a massive oil and gas extraction project in the Permian Basin of West Texas and New Mexico, causing Apache's stock to drop by over 83% as the project went bust.

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