NEW YORK, Dec. 13, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NYSE: NES), in connection with the proposed acquisition of the Company by Select Energy Services, Inc. (“Select”) (NYSE: WTTR). Under the terms of the merger agreement, the Company’s shareholders will receive approximately 4.2 million shares of Select Class A common stock in exchange for all outstanding shares of Nuverra. The transaction is valued at approximately $45 million.
If you own Nuverra shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
WeissLaw LLP is investigating whether (i) Nuverra’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Nuverra’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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SOURCE WeissLaw LLP