Case Page

 

Case Status:    SETTLED
On or around 02/27/2017 (Date of order of final judgment)

Filing Date: August 14, 2015

According to the law firm press release, the complaint arises out of a May 28, 2015, press release announcing that Broadcom had entered into a definitive merger agreement with Avago Technologies Limited ("Avago"), pursuant to which Broadcom shareholders will receive $54.50 in cash and 0.4378 of an Avago share (the "Proposed Transaction"). The complaint seeks injunctive relief on behalf of the named plaintiffs and all other similarly situated shareholders of Broadcom as of May 28, 2015 (the "Class").

The named plaintiffs allege that certain of the defendants breached their fiduciary duties of loyalty and due care owed to Broadcom shareholders; and in an attempt to secure shareholder approval of the Proposed Transaction, filed a materially false and misleading registration statement on Form S-4 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their fiduciary duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Broadcom shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

On September 18, 2015, the Court consolidated this case into the lead case, No. 15-CV-00979.

On November 16, 2015, the Court appointed Lead Plaintiffs and approved Lead Counsel. Lead Plaintiffs filed a consolidated complaint on January 15, 2016.

On September 23, 2016, the parties filed a Stipulation of Settlement. The Settlement was preliminarily approved on December 2. On February 27, 2017, the Court granted final approval of the Settlement and dismissed this case.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BRCM
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: C.D. California
DOCKET #: 15-CV-01303
JUDGE: Hon. James V. Selna
DATE FILED: 08/14/2015
CLASS PERIOD START: 05/28/2015
CLASS PERIOD END: 08/14/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 15-CV-00979
JUDGE: Hon. James V. Selna
DATE FILED: 01/15/2016
CLASS PERIOD START: 05/28/2015
CLASS PERIOD END: 08/14/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (Washington DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen Milstein Sellers & Toll PLLC (Washington DC), DC 20005
    202.408.4600 202.408.4600 ·
  2. Westerman Law Corp.
    1925 Century Park East, Suite 2100, Westerman Law Corp., CA 90067
    (310) 698-7450 (310) 201-9160 ·
  3. Wolf Haldenstein Adler Freeman & Herz LLP (San Diego)
    Symphony Towers; 750 B Street, Suite 2770, Wolf Haldenstein Adler Freeman & Herz LLP (San Diego), CA 92101
    619.239.4599 19.239.4599 ·
No Document Title Filing Date