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Case Status:    DISMISSED    
On or around 06/11/2013 (Notice of voluntarily dismissal)

Filing Date: June 07, 2013

According to the Complaint, NFP and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high-net-worth individuals, partnering with them to preserve their assets and prosper over the long term.

In a press release dated April 15, 2013, NFP announced that it had entered into the Merger Agreement with Madison Dearborn pursuant to which Madison Dearborn, through Merger Parent and Merger Sub, will acquire all of the outstanding shares of the Company in an all-cash transaction worth a total of approximately $1.3 billion. Upon closing of the proposed Acquisition, NFP shareholders will receive $25.35 in cash for each share of NFP common stock they own. On May 17, 2013, NFP filed the Proxy Statement in connection with the upcoming Special Meeting, at which the Company's shareholders will be asked to vote on the Acquisition.

The Complaint alleges that notwithstanding their obligations under the Exchange Act and rules promulgated thereunder, as well as their state fiduciary duties, Defendants misrepresented material information or failed to disclose material information to NFP's shareholders.

On June 11, 2013, the plaintiff and their counsel voluntarily dismissed this action without prejudice against all of the defendants, Pursuant to F.R.C.P. 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure.


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


Ticker Symbol: NFP
Company Market: New York SE
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-03925
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 06/07/2013
CLASS PERIOD END: 06/07/2013
  1. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
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