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Case Status:    DISMISSED    
On or around 03/16/2015 (Notice of voluntarily dismissal)

Filing Date: January 07, 2015

According to the law firm press release, the complaint alleges that Dawson, the Board and TGC breached their duties, and/or aided and abetted such breaches, in connection with their attempt to consummate the Proposed Transaction pursuant to an unfair process and for an unfair price. In addition, the complaint alleges Dawson and the Board disseminated a false and misleading Registration Statement on Form S-4 (the "S-4") in violation of ยง14(a) of the 1934 Act and Rule 14a-9 promulgated thereunder in connection with the Proposed Transaction.

On October 8, 2014, Dawson and TGC announced the entry into a definitive agreement (the "Merger Agreement") whereby, prior to completion of the merger, each holder of shares of Dawson common stock will be entitled to receive 1.760 shares of TGC common stock for each share of Dawson common stock owned, after giving effect to the proposed 1 for 3 reverse stock split to be effectuated by TGC, as well as cash payable in lieu of fractional shares pursuant to the terms of the merger agreement. Thereafter, on November 6, 2014, defendants caused the S-4 to be filed with the SEC and disseminated in connection with the February 9, 2015 shareholder vote on the Proposed Transaction. The complaint alleges the S-4 contains a number of false and misleading statements that are material to shareholders who are expected to rely upon the S-4 to determine whether to approve the Proposed Transaction. The S-4 omits a number of material facts necessary to make statements made therein not false and misleading, including the events leading to the Merger Agreement, the analyses conducted by the Board's financial advisor, and Dawson's prospective financial information.

This case was voluntarily dismissed on March 16, 2015.


Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States


Ticker Symbol: DWSN
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: W.D. Texas
DOCKET #: 15-CV-00005
JUDGE: Hon. David A. Ezra
DATE FILED: 01/07/2015
CLASS PERIOD END: 01/07/2015
  1. Brodsky & Smith, LLC
  2. The Bilek Law Firm, L.L.P.
No Document Title Filing Date
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—Related District Court Filings Data is not available