BRIEF-Strad Energy says Tristan Partners, Tristan Offshore files lawsuit against co, directors

Thu Jun 2, 2016 8:07am EDT
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June 2 (Reuters) - Strad Energy Services Ltd

* Class action proceeding was filed on June 1, 2016 by Tristan Partners LP and Tristan Offshore Fund Ltd against co, directors

* Class action proceeding seeks various declarations, general damages of $18.5 million and punitive damages of $5 million

* Believes that action will not have a material adverse effect on company's financial position or results of operations

* Class action proceeding relates to historical communications between strad and total energy services inc in 2014 and 2015 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)