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Case Status:    SETTLED
On or around 08/29/2012 (Ongoing date of last review)

Filing Date: June 01, 2011

According to the complaint filed on June 1, 2011, on May 16, 2011, the defendant issued a press release announcing that it had entered into a definitive merger agreement for the parent to acquire the defendant, via a tender offer, in a deal with a total enterprise value of approximately $316 million, including debt assumed and net of cash acquired. Under the temis of the Proposed Transaction, the defendant’s common shareholders will receive $3.85 per share in cash for each the defendant share they own.

Pursuant to the Agreement and Plan of Merger dated May 16, 2011, entered into between the companies, the acquisition company shall commence a cash tender offer to purchase all outstanding shares of the defendant's common stock at a purchase price of $3.85 per share in cash, to be followed by a merger of with the acquisition company and into the defendant.

On June 14, 2011, the Court dismissed the Plaintiff's motion for expedited discovery as requested and stayed several defendants' motions to dismiss.

On May 7, 2012, the Court issued an Order granting preliminary approval of settlement.

On August 16, 2012, the Court entered an Order and Final Judgment.


Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States


Ticker Symbol: VITA
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.
COURT: E.D. Pennsylvania
DOCKET #: 11-CV-03535
DATE FILED: 06/01/2011
CLASS PERIOD END: 06/01/2011
  1. Faruqi & Faruqi LLP (Jenkintown)
    101 Greenwood Avenue, Suite 600, Faruqi & Faruqi LLP (Jenkintown), PA 19046
    215-277-5770 215-277-5771 ·
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