On or around 01/19/2017 (Notice of voluntarily dismissal)
Filing Date: April 26, 2016
According to the law firm press release, the action arises out of a March 3, 2016 press release announcing that Carmike Cinemas had entered into an Agreement and Plan of Merger with AMC pursuant to which AMC would acquire Carmike Cinemas for $30 per share in cash, for total consideration of $1.1 billion (the “Proposed Acquisition”).
The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, the defendants filed a materially false and misleading Preliminary Proxy Statement with the SEC in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Carmike Cinema shareholders’ ability to make an informed decision whether to approve the Proposed Acquisition.
On July 10, 2016, the Court issued an Order consolidating cases. The Consolidated Cases shall be identified as: “In Re Carmike Cinemas, Inc. Shareholder Litigation.” On July 30, the Court issued an Order appointing Lead Plaintiff and Counsel.
This case was voluntarily dismissed on January 19, 2017.
Company & Securities Information
Defendant: Carmike Cinemas, Inc.
Industry: Motion Pictures
Headquarters: United States
Ticker Symbol: CKEC
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.
First Identified Complaint
John Solak, et al. v. S. David Passman III, et al.