November 25, 2024
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.
May 14, 2024
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.
February 26, 2024
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.
February 09, 2024
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.
June 20, 2023
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.
April 10, 2023
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.
November 30, 2022
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.
April 25, 2022
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."
February 17, 2022
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.
February 24, 2021
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.