Case Page

 

Case Status:    DISMISSED    
On or around 12/15/2011 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: November 01, 2010

According to the complaint filed on November 1, 2010, in pursuing the unlawful plan to induce RAE shareholders to approve the Proposed Acquisition via an unfair and uninformed process, each of the defendants violated applicable law by directly breaching or aiding the other defendants' breaches of their fiduciary duties of loyalty, due care, candor, diligence, independence, good faith, and fair dealing.

On July 23, 2009, RAE's stock traded as high as $1.90, more than 18% higher than the Proposed Acquisition value. Now, however, the defendants are attempting to sell the Company for a low ball offer at an inopportune time and before RAE shareholders can take full advantage of the value that the Company has to offer to the shareholders.

On July 12, 2011, the plaintiff filed a notice of voluntary dismissal with prejudice for one of the named defendants only. The case continues against all other defendants.

On September 27, ,2011, the Court reassigned the case to Hon. Jeffrey S. White.

COMPANY INFORMATION:

Sector: Technology
Industry: Scientific & Technical Instr.
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RAE
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: N.D. California
DOCKET #: 10-CV-04944
JUDGE: Hon. Patricia V. Trumbull
DATE FILED: 11/01/2010
CLASS PERIOD START: 10/21/2010
CLASS PERIOD END: 11/01/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
  2. Robbins Umeda LLP (Former San Diego Address)
    610 West Ash Street, Suite 1800, Robbins Umeda LLP (Former San Diego Address), CA 92101
    619.525.3990 619.525.3990 · info@robbinsumeda.com
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