Lawyers at the Houston-based complex commercial litigation law firm of Ahmad, Zavitsanos & Anaipakos have filed a class-action lawsuit on behalf of shareholders in Pride International in an effort to stop its merger with Ensco.

摘要

The shareholder class-action lawsuit, filed in the 113th District Court in Houston, alleges Pride's directors breached their fiduciary duty to shareholders by agreeing to a low share price and a restrictive merger contract that would preclude other offers. On Monday, Houston-based Pride and Ensco reported an agreement for Ensco to buy Pride for about $7.3 billion.