On or around 12/14/2017 (Other)
Filing Date: March 31, 2016
According to the law firm press release, the named plaintiff alleges that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Questar shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading proxy statement on Form 14 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Questar shareholders' ability to make an informed decision whether to approve the Proposed Transaction.
Pursuant to a settlement entered in a case filed in State Court, this action was voluntarily dismissed on December 13, 2017.
Company & Securities Information
Defendant: Questar Corporation
Industry: Natural Gas Utilities
Headquarters: United States
Ticker Symbol: STR
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.