On or around 01/04/2019 (Other)
Filing Date: August 24, 2016
According to a law firm's press release, the Complaint alleges that Joy Global and the members of its board of directors violated Section 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15.U.S.C. §§ 78n(a), 78t(a), and SEC Rule 14a-9, 17 C.F.R. 240.14a-9, in connection with the proposed merger between Joy Global and Komatsu America Corp. (“Komatsu”), the U.S.-based subsidiary of the Japanese multinational corporation Komatsu Ltd. (the “Proposed Merger”). The Complaint further alleges that the merger consideration and the process by which Defendants propose to consummate the proposed merger are fundamentally unfair to Plaintiff and the other common shareholders of Joy Global.
This case was voluntarily dismissed on October 7, 2016. A related case filed under Docket 16-CV-01229 continues.
On November 28, 2016, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on April 26, 2017.
On March 23, 2018, the Parties filed a Notice of Settlement. On May 22, the Parties entered into a Stipulation of Settlement. The Court issued an Order granting preliminary approval of the Settlement on September 14. On December 27, the Court granted final approval of the Settlement and entered Final Judgment.
Company & Securities Information
Defendant: Joy Global Inc.
Sector: Capital Goods
Industry: Constr. & Agric. Machinery
Headquarters: United States
Ticker Symbol: JOY
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.
First Identified Complaint
Bayohle Oduntan, et al. v. Joy Global Inc., et al.
Wagner Law Group, S.C. 839 N. Jefferson St, Suite 400, Wagner Law Group, S.C., WI 53202 414-278-7000 414-278-7590 ·
Reference Complaint (REF) Filings:
Complaint For Breach Of Fiduciary Duties And Violation Of Sections 14(a) And 20(a) Of The Securities Exchange Act Of 1934
Order Approving the Stipulation Appointing Lead Plaintiff and Lead Counsel Pursuant to the PSLRA (DKT. No. 29)
Amended Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934
Notice of Settlement
Stipulation of Settlement
Notice of Pendency and Proposed Settlement of Class Action
Order Granting Lead Plaintiff's Unopposed Motion for Preliminary Approval of Class Action Settlement (DKT. No. 50) and Granting Motion for Execution of Amended Proposed Order Preliminarily Approving Settlement and Providing for Notice (DKT. No. 55)
Order Granting Motion for Final Approval of Class Action Settlement (DKT. No. 58 At ¶A)), Approving Settlement (DKT. No. 52) and Dismissing Case with Prejudice
Order Granting Motion for Approval of Plan of Allocation and Approving Plan of Allocation (DKT. No. 58 At ¶(B))
Order Granting Motion for Award of Attorney's Fees (DKT. No. 58 At ¶(C))
Judgment in a Civil Case
U.S. District Court Civil Docket
Related District Court Filings
—Related District Court Filings Data is not available