Press release
Lawsuit ALERT: Investors who sold ChampionX Corporation (formerly NASDAQ: CHX) between February 29, 2024 and April 1, 2024 should contact the Shareholders Foundation
A lawsuit was filed on behalf of investors in ChampionX Corporation (formerly NASDAQ: CHX) shares.
Investors who SOLD a significant amount of shares of ChampionX Corporation (formerly NASDAQ: CHX) between February 29, 2024 and April 1, 2024,have certain options and for certain investors are short and strict deadlines running. Deadline: July 14, 2026. Formerly NASDAQ: CHX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The ChampionX class action lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors.
During the Class Period (between February 29, 2024 and April 1, 2024), ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger.
On July 16, 2025, ChampionX was acquired by Schlumberger Limited ("SLB") for $40.58 per share. SLB is a global technology company focusing primarily on digital solutions, reservoir performance technologies and services, well construction products and services, and production systems technologies.
According to the complaint the plaintiff alleges on behalf of SELLERS of ChampionX Corporation (formerly NASDAQ: CHX) common shares between February 29, 2024 and April 1, 2024, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between February 29, 2024 and April 1, 2024, the defendants failed to disclose material information, which artificially deflated the price of ChampionX common stock.
Those who SOLD shares of ChampionX Corporation (formerly NASDAQ: CHX) between February 29, 2024 and April 1, 2024 have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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