ChampionX Shareholder Sues to Block $7.8B SLB Acquisition

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“The defendants have failed to exercise ordinary care and diligence in fulfilling their fiduciary obligations toward plaintiff and the other stockholders of ChampionX,” the suit states.

Counsel for Thompson and a representative of ChampionX did not immediately respond to requests for comment on Monday.

Thompson is represented by Brian D. Long of Long Law LLC and Richard A. Acocelli of Acocelli Law PLLC. Counsel information for ChampionX was not immediately available.

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The case is Thompson v. ChampionX Corporation et al., index number 652791/2024, in the Supreme Court of the State of New York, County of New York