Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Civeo Corporation In The Southern District Of Texas Houston Division

NEW YORK, Jan. 31, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for The Southern District of Texas Houston Division, case no. 4:18-cv-0259, on behalf of shareholders of Civeo Corporation, ("Civeo" or the "Company") CVEO who held Civeo securities and have been harmed by Civeo and its board of directors' (the "Board") for alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S,C. §§78n(a) and 78t(a) respectively, and United States Securities and Exchange Commission ("SEC") Rule 14a-9, 17 C.F.R. § 240.14a-9 in connection with acquisition of Noralta Lodge Ltd. ("Noralta") by Civeo through a merger transaction as alleged in detail herein ("Proposed Transaction").

The complaint alleges that the Merger Consideration appears excessive, and the process by which Defendants agreed to consummate the Proposed Transaction is fundamentally unfair to Plaintiff and Civeo's other public stockholders. In particular, the 14A contains materially incomplete and misleading information concerning: (i) financial projections for the Company, Noralta, and the synergies expected to result from the Proposed Transaction; (ii) the valuation analyses conducted by the Company's financial advisor, Lazard Frères & Co. LLC ("Lazard"); and (iii) the background process leading up to the Proposed Transaction.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:

Click here for more information: www.monteverdelaw.com/investigations/m-a/ It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com 
Tel: (212) 971-1341

Attorney Advertising. (C) 2018 Monteverde & Associates PC.  Prior results do not guarantee a similar outcome with respect to any future matter. 

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SOURCE Monteverde & Associates PC