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ACA Capital Holdings, Inc. Summary: According to a law firm press release, on November 21, 2007 a class action has been commenced on behalf of all persons who purchased the common stock of ACA Capital Holdings, Inc. pursuant and/or traceable to the Company’s initial public offering.
The complaint charges ACA Capital and certain of its officers and directors with violations of the Securities Act of 1933. ACA Capital is a holding company that provides financial guaranty insurance products to participants in the global credit derivative, structured finance capital, and municipal finance capital markets.
On or about November 9, 2006, ACA Capital priced its IPO of 6,875,000 shares of newly issued common stock and 23,541 shares of existing common stock at $13 per share, generating gross proceeds of $89.4 million. The Registration Statement for the IPO described positively ACA Capital’s business and the Company’s collateralized debt obligation (“CDO”) asset management business. The complaint alleges that the Registration Statement for the IPO contained inaccurate statements of material fact because it failed to disclose that the Company’s CDO assets were materially impaired and overvalued.
INDUSTRY CLASSIFICATION:
SIC Code: 6200
Sector: Financial
Industry: Insurance (Prop. & Casualty)
| COMPANY/ISSUER NAME: | ACA Capital Holdings, Inc. |
| COMPANY/ISSUER TICKER: | ACA |
| COMPANY WEBSITE: | http://www.aca.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Blackmoss Investments, Inc., et al. v. ACA Capital Holdings, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint For Violations Of Federal Securities Laws | |||
| Type: Complaint | Date on the document: 11/21/2007 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint - Jury Trial Demanded | |||
| Case Name and/or Number: Andrew F. Rose, et al. v. ACA Capital Holdings, Inc., et al. | |||
| Type: Complaint | Date on the document: 01/11/2008 | ||
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