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Case Status:    SETTLED
On or around 05/01/2013 (Date of order of final judgment)

Filing Date: July 24, 2012

According to the complaint, On July 2, 2012, BrightPoint announced that the Company had entered into a definitive Agreement and Plan of Merger, dated June 29, 2012 under which affiliates of Ingram will acquire all of the outstanding stock of BrightPoint, in a transaction valued at approximately $840 million, including the assumption of BrightPoint's outstanding debt. The announcement stated that the Proposed Transaction is expected to close before the end of the year.

Under the terms of the Agreement, stockholders will receive $9.00 cash per share
for all outstanding shares of the Company's common stock. Ingram has obtained a commitment for a $300 million debt facility from Morgan Stanley Senior Funding, Inc.

On July 19, 2012, BrightPoint filed its preliminary Schedule 14A with the Securities and Exchange Commission which once declared effective, will solicit Company shareholders to vote to approve the Proposed Transaction. However, the Complaint alleges that the Proxy Statement is replete with material omissions and misstatements.

On August 22, 2012, the Plaintiff filed an amended complaint.

On October 15, 2012, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on October 22.

On February 15, 2013, the Court issued an order granting Motion to Stay and requesting an expedited briefing for the Motion for Protective Order. The plaintiff has until February 19, 2013 to file a response.

On May 1, 2013, the Court issued an Order granting final approval of the Settlement.


Sector: Services
Industry: Business Services
Headquarters: United States


Ticker Symbol: CELL
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: S.D. Indiana
DOCKET #: 12-CV-01016
JUDGE: Hon. Tanya Walton Pratt
DATE FILED: 07/24/2012
CLASS PERIOD END: 07/24/2012
  1. Price Waicukauski & Riley, LLC
    301 Massachusetts Avenue, The Hammond Block Building , Price Waicukauski & Riley, LLC, IN 46204
    (317) 633-8787 (317)633-8797 ·
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