Westland Development Company, Inc. Securities Litigation
On or around 01/29/2016 (Other)
Filing Date: November 03, 2006
According to the Complaint, this action is brought against Westland, certain of its senior officers and directors and its merger partner SunCal arising out of defendants' dissemination of a false and misleading proxy statement in violation of §§14(a) and 20(a) of the Securities and Exchange Act of 1934, and Securities and Exchange Commission Rule 14a-9 promulgated thereunder.
On November 11, 2011, the parties entered into a Stipulation of Settlement. The Settlement was preliminarily approved by the Court on December 19. On May 22, 2012, the Court granted final approval of the Settlement and dismissed this case with prejudice.
Company & Securities Information
Defendant: Westland Development Company, Inc.
Industry: Real Estate Operations
Headquarters: United States
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.