Camber Energy Successfully Secures Dismissal of Class Action Lawsuit
Camber Energy (OTCQB:CEIN) has successfully obtained the dismissal of a class action lawsuit filed in the U.S. District Court for the Southern District of Texas. The lawsuit, titled "Lawrence Rowe, Individually and on Behalf of All Others Similarly Situated v. James A. Doris and Camber Energy, Inc." (C.A. No.4:24-cv-00489), alleged breaches of fiduciary duty related to the merger between Camber and Viking Energy Group. The Court granted the defendants' motion to dismiss with prejudice on March 31, 2025, and the appeal deadline expired on April 30, 2025.
Camber Energy (OTCQB:CEIN) ha ottenuto con successo l'archiviazione di una causa collettiva intentata presso il Tribunale Distrettuale degli Stati Uniti per il Distretto Meridionale del Texas. La causa, intitolata "Lawrence Rowe, individualmente e a nome di tutti gli altri nella stessa situazione contro James A. Doris e Camber Energy, Inc." (C.A. No.4:24-cv-00489), accusava violazioni del dovere fiduciario relative alla fusione tra Camber e Viking Energy Group. Il Tribunale ha accolto la mozione dei convenuti per l'archiviazione con giudizio definitivo il 31 marzo 2025, e il termine per il ricorso è scaduto il 30 aprile 2025.
Camber Energy (OTCQB:CEIN) ha logrado la desestimación de una demanda colectiva presentada en el Tribunal de Distrito de los Estados Unidos para el Distrito Sur de Texas. La demanda, titulada "Lawrence Rowe, individualmente y en nombre de todos los demás en situaciones similares contra James A. Doris y Camber Energy, Inc." (C.A. No.4:24-cv-00489), alegaba incumplimientos del deber fiduciario relacionados con la fusión entre Camber y Viking Energy Group. El Tribunal concedió la moción de los demandados para desestimar el caso con prejuicio el 31 de marzo de 2025, y el plazo para apelar venció el 30 de abril de 2025.
Camber Energy (OTCQB:CEIN)는 텍사스 남부 지방법원에 제기된 집단 소송을 성공적으로 기각시켰습니다. 소송 제목은 "Lawrence Rowe가 개인 및 유사한 상황에 있는 모든 사람을 대표하여 James A. Doris 및 Camber Energy, Inc.를 상대로 제기한 사건"(C.A. No.4:24-cv-00489)으로, Camber와 Viking Energy Group 간의 합병과 관련된 신의성실 의무 위반을 주장했습니다. 법원은 2025년 3월 31일 피고 측의 기각 신청을 기각 판결로 승인했으며, 항소 기한은 2025년 4월 30일에 만료되었습니다.
Camber Energy (OTCQB:CEIN) a obtenu avec succès le rejet d'un recours collectif déposé auprès du tribunal de district des États-Unis pour le district sud du Texas. Le procès, intitulé « Lawrence Rowe, individuellement et au nom de tous les autres dans une situation similaire c. James A. Doris et Camber Energy, Inc. » (C.A. n° 4:24-cv-00489), alléguait des manquements au devoir fiduciaire liés à la fusion entre Camber et Viking Energy Group. Le tribunal a accordé la requête des défendeurs en rejet avec préjudice le 31 mars 2025, et le délai d'appel a expiré le 30 avril 2025.
Camber Energy (OTCQB:CEIN) hat erfolgreich die Abweisung einer Sammelklage vor dem US-Bezirksgericht für den südlichen Bezirk von Texas erreicht. Die Klage mit dem Titel "Lawrence Rowe, individuell und im Namen aller Gleichgesinnten gegen James A. Doris und Camber Energy, Inc." (C.A. Nr. 4:24-cv-00489) behauptete Pflichtverletzungen im Zusammenhang mit der Fusion zwischen Camber und Viking Energy Group. Das Gericht hat den Antrag der Beklagten auf Abweisung mit Präjudiz am 31. März 2025 stattgegeben, und die Berufungsfrist endete am 30. April 2025.
- Successful dismissal of class action lawsuit with prejudice, reducing legal risks
- Expiration of appeal deadline without any appeals filed, providing legal certainty
- Removal of potential financial liability related to the Viking Energy merger claims
- None.
HOUSTON, TX / ACCESS Newswire / May 5, 2025 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") is pleased to announce the dismissal of the previously disclosed Class Action Complaint (i.e. C.A. No.4:24-cv-00489) filed against the Company and its President & CEO titled Lawrence Rowe, Individually and on Behalf of All Others Similarly Situated v. James A. Doris and Camber Energy, Inc. in the U.S. District Court for the Southern District of Texas, Houston Division, pursuant to which the Plaintiff(s) sought to recover damages said to have been suffered by them as a result of the defendants' alleged breaches of fiduciary duty in connection with the merger between Company and Viking Energy Group, Inc.
On March 31, 2025, the Court granted the Company and Mr. Doris' motion to dismiss the case with prejudice, and the deadline for the Plaintiff(s) to appeal the Court's decision expired on or about April 30, 2025.
About Camber Energy, Inc.
Camber Energy, Inc. is a leader in power solutions and innovative technologies. Through subsidiaries, Camber provides custom energy & power solutions to commercial and industrial clients in North America and has a majority interest in: (i) an entity with intellectual property rights to a patented, proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) entities with the intellectual property rights to patented and patent pending, proprietary Electric Transmission and Distribution Broken Conductor Protection Systems. Camber also holds, through a subsidiary, an exclusive license in Canada to a patented clean energy & carbon-capture system.
For more information, please visit the company's website at www.camber.energy.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Camber cautions that the foregoing list of important factors is not complete, any forward-looking statement speaks only as of the date on which such statement is made, and Camber does not undertake to update any forward-looking statements that it may make, whether as a result of new information, future events or otherwise, except as required by applicable law. All subsequent written and oral forward-looking statements attributable to Camber or any person acting its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Contact Information
Investors and Media:
Tel. 281.404.4387
SOURCE: Camber Energy, Inc.
View the original press release on ACCESS Newswire
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