SeaCube Container Leasing Ltd. ("SeaCube") is a Bermuda-registered company that manages and leases dry and refrigerated shipping containers used in the global cargo trade. Their customers include the world's largest shipping lines.

According to the Complaint, this action arises out of Defendants’ pursuit of a sale of the Company to Ontario Ltd. and Acquisition Sub, affiliates of Ontario Teachers’ Pension Plan Board, at an unfair price and pursuant to an unfair and self-serving process, which “oppressive” conduct against SeaCube’s stockholders violates section 111 of the Bermuda Companies Act of 1981.

In addition, the Complaint alleges that the Board filed with the U.S. Securities and Exchange Commission, and disseminated to SeaCube stockholders, a false and materially misleading Preliminary 14A Proxy Statement, which violates sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9 promulgated thereunder.

On April 17, 2013, the Court issued an Order staying this action.