On or around 07/13/2017 (Ongoing date of last review)
Filing Date: September 29, 2016
According to the Complaint, it is alleged that the Merger Consideration and the Proposed Transaction are fundamentally unfair to Plaintiff and the other common shareholders of Colony. It is alleged the Board has agreed to a deal where Colony shareholders receive no premium for their shares and end up with a diluted ownership stake in a combined company that will be dragged down by the recent financial and corporate governance problems that have plagued the NorthStar entities.
On June 30, 2017, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on July 10.
Company & Securities Information
Defendant: Colony Capital, Inc.
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: CLNY
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
William Carter, et al. v. Colony Capital, Inc., et al.