Case Page

 

Case Status:    DISMISSED    
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 INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SNR
Company Market: American SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Florida
DOCKET #: 09-CV-82315
JUDGE: Hon. Kenneth A. Marra
DATE FILED: 11/17/2009
CLASS PERIOD START: 09/29/2009
CLASS PERIOD END: 11/17/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barker, Rodems & Cook, PA
    400 N. Ashley Drive, Suite 2100, Barker, Rodems & Cook, PA, FL 33602
    813.489.1001 813.489-1008 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  3. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  4. Weiss & Lurie (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Lurie (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
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