SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Concerning the Fairness of the Sale of Seventy Seven Energy, Inc. to Patterson-UTI, Inc. -- SVNT

NEW YORK, March 14, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Seventy Seven Energy, Inc. SVNT stock prior to December 12, 2016.

Levi & Korsinsky, LLP announces that a complaint has been filed challenging the fairness of the sale of Seventy Seven Energy to Patterson-UTI Energy, Inc. PTEN. The complaint was filed in the United States District Court for the Western District of Oklahoma. Seventy Seven Energy shareholders at set to receive 1.7725 shares of Patterson-UTI common stock for every Seventy Seven Energy share they own. To learn more about the action and your rights, go to:

http://zlk.9nl.com/seventy-seven-energy-svnt 

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com