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Lawsuit filed over ChampionX share buyback amid undisclosed Schlumberger takeover talks

Market News
18 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

A securities class action lawsuit has been filed against ChampionX Corporation by shareholders who sold shares between February 29 and April 1, 2024. The lawsuit alleges that ChampionX repurchased millions in shares without revealing material nonpublic information about Schlumberger Limited's premium takeover offers. If disclosed earlier, this information could have indicated a higher stock value. Investors who sold shares during this period are encouraged to join the lawsuit or consider serving as lead plaintiff by July 14, 2026.

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