ChampionX Corporation Class Action Lawsuit - CHX
Case Summary
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The ChampionX class action lawsuit seeks to represent sellers of ChampionX Corporation (NASDAQ: CHX) common stock between February 29, 2024 and April 1, 2024, inclusive (the “Class Period”). Captioned City of Daytona Beach Police Officers’ and Firefighters’ Retirement System v. ChampionX Corporation, No. 26-cv-04095 (S.D.N.Y.), the ChampionX class action lawsuit charges ChampionX and certain of ChampionX’s top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the ChampionX class action lawsuit, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the ChampionX class action lawsuit must be filed with the court no later than July 14, 2026.
CASE ALLEGATIONS: ChampionX is a global provider of chemistry solutions, artificial lift systems, and highly engineered equipment and technologies for the drilling and production of oil and gas. On July 16, 2025, ChampionX was acquired by Schlumberger Limited (“SLB”). 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.
The ChampionX class action lawsuit alleges that defendants throughout the Class Period failed to disclose that: (i) SLB had submitted four proposals to acquire all of ChampionX’s outstanding stock at a significant premium over ChampionX’s then current stock price; and (ii) while the defendants were evaluating SLB’s credible offers and engaging in negotiations about the terms of the transaction with SLB, the defendants allegedly repurchased approximately 216,000 of ChampionX’s shares for an average price of $31.80 per share, despite knowing that SLB was offering a significant premium to ChampionX’s then current stock price.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who sold ChampionX common stock during the Class Period to seek appointment as lead plaintiff in the ChampionX class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the ChampionX class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the ChampionX class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the ChampionX class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.