ADC Telecommunications, Inc. Securities Litigation
On or around 10/19/2010 (Notice of voluntarily dismissal)
Filing Date: July 28, 2010
According to the Complaint, this is a shareholder class action brought by Plaintiff on behalf of the public shareholders of ADC Telecommunications, Inc. ("ADCT" or the "Company") against the members of ADCT's Board of Directors (the "Board") for breaches of fiduciary duty, and against the Company and Tyco Electronics Ltd. and its wholly owned subsidiary Tyco Electronics Minnesota, Inc. (collectively "Tyco") for aiding and abetting those breaches, all in connection with approving, entering into, and/or recommending shareholder approval in connection the proposed acquisition (the "Proposed Acquisition") of ADCT by Tyco. Plaintiff also brings a claim against ADCT and the Board for their violations of Sections 14(d)(4) and 14(e) of the Securities and Exchange Act of 1934 (the "Exchange Act").
On October 19, 2010, the plaintiff voluntarily dismissed this action with prejudice.
Company & Securities Information
Defendant: ADC Telecommunications, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: ADCT
Company Market: NASDAQ
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.
First Identified Complaint
E. Joyce Emmons, et al. v. ADC Telecommunications, Inc., et al.