On or around 02/03/2010 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: November 17, 2009
According to the complaint, this is a class action brought on behalf of the public common shareholders of Sunair Services Corporation ("Sunair" or the "Company") against the Company and its Board of Directors (the "Board" or "Individual Defendants"), alleging violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and Rule 14a-9 promulgated thereunder by the United States Securities and Exchange Commission ("SEC"), as well as state common law claims for breaches of the fiduciary duties of candor, loyalty, good faith, and due care, as well as aiding and abetting the aforesaid breaches of fiduciary duty in connection with the acquisition of the Company by Massey Services, Inc. and Buyer Acquisition Company, Inc. (collectively "Massey") for $2.75 in cash for each share of Sunair common stock (the "Proposed Transaction"), an aggregate enterprise value of approximately $54 million.
On February 3, 2010, the plaintiff filed a Notice of Voluntary Dismissal and that same day, Judge Kenneth A. Marra signed the Order dismissing the action with prejudice. The case is closed.
Company & Securities Information
Defendant: Sunair Services Corporation
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: SNR
Company Market: American SE
Market Status: Public (Listed)
About the Company & Securities Data
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