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Case Status:    DISMISSED    
On or around 04/14/2016 (Other)

Filing Date: April 08, 2013

According to the Complaint, the Merger was announced on March 6, 2013, and under the terms of the Agreement and Plan of Merger ("Merger Agreement") CCPT III would pay over one hundred million dollars to “acquire” Cole Holdings and its subsidiaries including Cole Advisors, an entity that is managed and operated by the very same individuals who manage and operate CCPT III.

The Complaint alleges that this action arises out of Defendants’ filing and dissemination of materially false and misleading proxy solicitation materials (the “Proxy Statements”). The preparation and dissemination of the false and misleading Proxy Statements was intended to induce shareholder action which would result in substantial harm to Plaintiff and the Company’s other shareholders. Moreover, the dissemination of these false and misleading Proxy Statements was in violation of §§ 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), and SEC Rule 14a-9 promulgated thereunder.

The Complaint further alleges that the Proxy misrepresented and/or omitted material information about the true value of the Company and the Merger, the closing of which was a prerequisite to the Charter Amendments and further misrepresented the impact of the Charter Amendment.


Sector: Financial
Industry: Investment Services
Headquarters: United States


Ticker Symbol: COLE
Company Market: Privately Traded
Market Status: Privately Held

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: D. Arizona
DOCKET #: 13-CV-00712
JUDGE: Hon. G Murray Snow
DATE FILED: 04/08/2013
CLASS PERIOD END: 04/05/2013
  1. Dessaules Law Group
    2700 North Central Avenue, Suite 1250, Dessaules Law Group, AR 85004
    602.274.5400 602.274.5401 ·
  2. Johnson & Weaver, LLP
    110 West “A” Street, Suite 750, Johnson & Weaver, LLP, CA 92101
    619.230.0063 619.230.0063 ·
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