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PHX Energy settles United States collective and class action law suits


Published Sep 11, 2015
PHX Energy Services Corp.

PHX Energy Services Corp. provides an update to the three wage and hour lawsuits that were pending against PHX Energy's wholly-owned subsidiary, Phoenix Technology Services USA, Inc. (Phoenix USA) as previously disclosed in the notes to its second quarter financial statements for the three and six-month periods ended June 30, 2015.

Meyer v. Phoenix Technology Services USA, Inc., which was filed on May 28, 2014 in the United States District Court for the Southern District of Texas, Houston Division (the "Houston Court"), was certified as a nationwide collective action and alleged that all Measurement While Drilling (MWD) operators were non-exempt and must be paid overtime under the federal Fair Labor Standards Act (FLSA).

Tags: PHX Energy Services Corp.




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