HCC Insurance Holdings, Inc. Securities Litigation
On or around 09/14/2015 (Court's order of dismissal)
Filing Date: August 21, 2015
According to the filed Complaint, plaintiff alleges that the sale of HCC to Tokio Marine as contemplated by the Merger Agreement is unfair and inequitable to the HCC public stockholders and constitutes a breach of the fiduciary duties of the directors in the sale of HCC. The Complaint alleges the Proposed Merger is unfair to HCC shareholders because it does not adequately value the Company’s future growth prospects, which will inure to Tokio Marine if the Proposed Merger is consummated.
This case was dismissed on September 14, 2015, pursuant to Plaintiffs' voluntary dismissal.
Company & Securities Information
Defendant: HCC Insurance Holdings, Inc.
Industry: Insurance (Miscellaneous)
Headquarters: United States
Ticker Symbol: HCC
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.
First Identified Complaint
Sam Wietschner & Tova Wietschner TRS for Sam Wietschner Pension Plan UA April 1, 1990, et al. v. HCC Insurance Holdings, Inc., et al.