On or around 03/10/2016 (Date of order of final judgment)
Filing Date: April 27, 2015
According to the law firm press release, the complaint alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading Proxy Statement with the U.S. Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Kraft’s shareholders’ ability to make an informed decision whether to approve the Proposed Transaction.
On October 29, 2015, the parties filed a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on November 10. On March 10, 2016, the Court granted final approval of the Settlement and dismissed this case.
Company & Securities Information
Defendant: Kraft Foods Group, Inc.
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: KRFT
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.
First Identified Complaint
Steven E. Leitz, et al. v. Kraft Foods Group, Inc., et al.