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Case Status:    SETTLED
On or around 10/25/2013 (Date of order of final judgment)

Filing Date: February 08, 2013

According to the Complaint, Alterra is an insurance company that provides specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers. On December 19, 2012, Alterra and Markel Corporation announced a definitive agreement pursuant to which each Alterra shareholder will receive consideration consisting of 0.04315 shares of Markel common stock and a cash payment of $10 per Alterra share.

The Complaint alleges that on January 18, 2013, defendants filed with the SEC, and disseminated to Alterra shareholders, the materially false and misleading Proxy. The Proxy, which recommends that Alterra shareholders vote in favor of the Proposed Merger, omits and/or misrepresents material information in contravention of sections 14(a) and 20(a) of the Exchange Act regarding: (i) the unfair sales process for the Company; (ii) the financial analyses of its financial advisor Bank of America Merrill Lynch, and (iii) the financial projections prepared by Alterra management and used in Bank of America Merrill Lynch's analyses.

On June 20, 2013, the parties entered into a Stipulation of Settlement. The Settlement was preliminarily approved by the Court on August 5th. On October 25th, the Court issued an Order and Final Judgment approving the Settlement.


Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: Bermuda


Ticker Symbol: ALTE
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. New York
DOCKET #: 13-CV-00933
JUDGE: Hon. Andrew L. Carter, Jr
DATE FILED: 02/08/2013
CLASS PERIOD END: 02/08/2013
  1. Brannon Law Firm, LLC
    3500 North Hullen Street, Brannon Law Firm, LLC, LA 70002
    504.456.8600 504.456.8697 ·
  2. Glancy Binkow & Goldberg LLP (NY)
    1430 Broadway, Suite 1603, Glancy Binkow & Goldberg LLP (NY), NY 10018
    212.382.2221 212.382.2221 ·
  3. O'Bell, L.L.C.
    3500 North Hullen Street, O'Bell, L.L.C., LA 70002
    504.456.8600 504.456.8653 ·
  4. Robbins Arroyo LLP
    600 B Street, Suite 1900, Robbins Arroyo LLP, CA 92101
    619.525.3990 619.525.3991 ·
No Document Title Filing Date
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