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BRIEF-Patterson-UTI Energy says Mainard Gael, SSE stockholder, filed putative class action against SSE, SSE's board
April 12, 2017 / 10:55 AM / 5 months ago

BRIEF-Patterson-UTI Energy says Mainard Gael, SSE stockholder, filed putative class action against SSE, SSE's board

April 12 (Reuters) - Patterson-UTIEnergy Inc

* Patterson-UTI Energy -mainard gael, stockholder of sse, filed putative class action challenging disclosures in connection with deal, against SSE, SSE’s board

* Patterson-UTI Energy Inc - related complaint alleges that sse’s board of directors breached its fiduciary duties

* Patterson-UTI Energy Inc - alleged omissions generally relate to certain financial projections - SEC filing

* Patterson-UTI- complaint alleges board failed to disclose in joint proxy statement/prospectus filed in relation with deal certain allegedly material information

* Patterson-UTI Energy Inc - mainard gael filed the putative class action on April 7, 2017 - sec filing

* Patterson-UTI- omissions relate to fact that Douglas Wall, member of SSE board , previously served as president, CEO of Patterson-UTI as recent as 2012 Source text: (bit.ly/2p7kybJ) Further company coverage:

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