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Case Status:    SETTLED
On or around 10/10/2016 (Other)

Filing Date: October 06, 2015

According to the law firm press release, Rentech is a nitrogen fertilizer company formed by Rentech, Inc. as a publicly traded master limited partnership. The complaint alleges that Rentech and its Board violated its Limited Partnership Agreement and breached their duties to Rentech unitholders and that Rentech and CVR aided and abetted such violation, 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 that Rentech and the Board, through CVR, disseminated a false and misleading Registration Statement on Form S-4 (the “S-4”) in violation of §14(a) of the 1934 Act and Rule 14a-9 promulgated thereunder in connection with the Proposed Transaction.

On August 9, 2015, Rentech and CVR entered into a definitive agreement (the “Merger Agreement”) whereby CVR would acquire all outstanding units of Rentech. Thereafter, on September 17, 2015, defendants caused the S-4 to be filed with the SEC and disseminated in connection with the Proposed Transaction. The complaint alleges the S-4 contains a number of false and misleading statements that are material to unitholders 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 Rentech’s prospective financial information.

On May 16, 2016, the parties entered into a Stipulation of Settlement. The Settlement was preliminarily approved by the Court on July 7. On October 6, the Court granted final approval of the Settlement and dismissed this case.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RNF
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: N.D. California
DOCKET #: 15-CV-07818
JUDGE: Hon. George H. Wu
DATE FILED: 10/06/2015
CLASS PERIOD START: 08/10/2015
CLASS PERIOD END: 10/06/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brodsky & Smith, LLC (California)
    9595 Wilshire Boulevard, Suite 900, Brodsky & Smith, LLC (California), CA 90212
    310.300.8425 310.300.8425 · clients@brodsky-smith.com
No Document Title Filing Date