On or around 06/04/2014 (Court's order of dismissal)
Filing Date: April 25, 2011
According to the complaint, this is a direct shareholder class action complaint filed on behalf of the public shareholders of SRA International, Inc. arising out of the proposed merger of SRA with Providence Equity Partners LLC. Plaintiff sues SRA, Providence, and SRA's Board of Directors for breach of fiduciary duties owed to SRA's shareholders, for aiding and abetting such breaches, and for violations of the Securities Exchange Act of 1934. On March 31, 2011, the defendants named herein entered into a definitive merger agreement pursuant to which Providence will acquire all of the Company's outstanding Class A and Class B common stock for $31.25 per share in cash. The Merger Agreement is the product of a fundamentally flawed process that does not maximize shareholder value for SRA shareholders.
On May 24, 2011, the Court issued an Order granting a Motion to Stay. The action is stayed indefinitely in all respects.
Pursuant to a Stipulation by the parties, this case was dismissed with prejudice on June 4, 2014.
Company & Securities Information
Defendant: SRA International, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: SRX
Company Market: New York 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.
First Identified Complaint
Andrei Sinioukov, et al. v. SRA International, Inc., et al.
COURT: E.D. Virginia
DOCKET #: 11-CV-00447
JUDGE: Hon. Liam O'Grady
DATE FILED: 04/25/2011
CLASS PERIOD START: 03/31/2011
CLASS PERIOD END: 04/25/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Brown & Gould, LLP 7700 Old Georgetown Rd., Suite 500, Brown & Gould, LLP, MD 20814 301.718.4548 301.718.4548 ·