June 2 (Reuters) - Strad Energy Services Ltd SDY.TO
* 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
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