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Kirkland Counsels Oil & Gas Company in USD 2.6 Billion Merger

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The petroleum industry, also known as the oil & gas industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline.

Kirkland & Ellis counselled Extraction Oil & Gas, Inc. on its all-stock merger of equals with Bonanza Creek Energy, Inc.

The combined company, to be named Civitas Resources, Inc., will be the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6 billion.

Kirkland is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

The Kirkland team was led by corporate partners Doug Bacon and Alex Rose and associates Camille Walker and Brittany Scheier; capital markets partners Julian Seiguer and Bryan Flannery; asset partners Anthony Speier and Chris Heasley and associate Alia Heintz; and tax partner Mark Dundon and associates Joe Tobias and Courtney Loyack.

A network is your strongest asset. The Kirkland & Ellis Alumni Engagement Program connects the brightest minds in the legal industry through our alumni exclusive website, one-of-a-kind events, and lifelong career support — there are endless opportunities to build relationships.

Extraction Oil & Gas, Inc. operates as an energy company. The Company focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountains. Extraction Oil & Gas serves customers in the United States.

Law Offices of Howard G. Smith Announces Securities Class Action

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Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP) securities between August 2, 2016 and August 2, 2017, inclusive (the “Class Period”). Avon investors have until April 15, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Avon investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 3, 2017, Avon issued a press release announcing its second quarter 2017 financial results and held a conference call to discuss the results. The Company reported a net loss of $0.12 per share and a 3% decline in active representatives. Avon also reported that Brazil revenue was “down 2% in constant dollars, primarily driven by a decrease in Active Representatives.” On the call, Avon’s Chief Financial Officer acknowledged that, despite Avon’s earlier representations, the remedial actions in Brazil (i.e., stricter credit terms applied to recruiting new representatives) were negatively impacting active representatives and revenue in Brazil. On this news, shares of Avon fell $0.36, or 10.71%, to close at $3.00 per share on August 3, 2017, thereby injuring investors.

The Complaint filed in this class action alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) Avon was engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market; (2) its specific credit terms in Brazil; (3) Avon failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil; and (4) as a result of these concealments, Avon stock was trading at artificially inflated prices throughout the class period.

If you purchased shares of Avon, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com/

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.