Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Resolute Energy Corporation (REN)
Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:19-cv-00077, on behalf of shareholders of Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE:REN) who have been harmed by Resolute’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the proposed merger of the Company with Cimarex Energy Company (“Cimarex”).
On November 18, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”) under which each outstanding share of Resolute shareholders will have the right to receive 0.3943 shares of Cimarex common stock, $35 per share in cash, or a combination of $14 per share in cash and 0.2366 share of common stock subject to proration (the “Merger Consideration”).
The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on January 10, 2019, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Resolute shareholders.
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Resolute Energy Corporation (REN)
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Filed on 02/04/2019
685 Third Avenue 26th Floor
10017 New York, New York
Phone (212) 983-9330
Fax (212) 983-9331
James M. Wilson, Jr. firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331