On or around 08/24/2016 (Ongoing date of last review)
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.
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.