Case Page

 

Case Status:    ONGOING    
On or around 08/19/2016 (Ongoing date of last review)

Filing Date: August 16, 2016

According to the law firm press release, the Complaint alleges that in pursuing the merger, each of the Defendants have violated, and will continue to violate, applicable law by breaching and/or aiding and abetting the other Defendants’ breaches of their fiduciary duties of due care, disclosure, good faith, loyalty, and fair dealing and by engaging in other wrongful conduct under federal and Wisconsin statutory and common law.

The Complaint seeks to compel Defendants to comply with the Internal Revenue Code (“IRC”), to determine and disclose whether JCI or the JCI shareholders are to pay the merger-dependent taxes required by the IRC, and, if the latter, to require JCI to pay damages to those JCI shareholders forced to pay for JCI’s merger, and to disclose Defendants’ scheme to protect themselves from merger-related taxes by diluting JCI shareholders’ equity interest after the merger.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: JCI
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: E.D. Wisconsin
DOCKET #: 16-CV-01093
JUDGE: Hon. Pamela Pepper
DATE FILED: 08/16/2016
CLASS PERIOD START: 01/24/2016
CLASS PERIOD END: 08/16/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lockridge Grindal Nauen P.L.L.P.
    100 Washington Avenue S. Suite 2200, Lockridge Grindal Nauen P.L.L.P., MN 55401
    612.339.6900 612.339.6900 ·
  2. Wagner Law Group, S.C.
    839 N. Jefferson St, Suite 400, Wagner Law Group, S.C., WI 53202
    414-278-7000 414-278-7590 ·
No Document Title Filing Date