On or around 10/24/2016 (Court's order of dismissal)
Filing Date: September 28, 2016
According to the Complaint, on July 26, 2016, Linear Technology Corporation (“Linear” or the “Company”) and Analog Devices, Inc. (“Analog”) jointly announced that they had reached a definitive Agreement and Plan of Merger (“Merger Agreement”) under which Analog will acquire Linear in a cash and stock deal with a combined enterprise value of approximately $30 billion.
The Complaint alleges the Proxy contains materially incomplete and misleading information concerning (i) the background of the Proposed Transaction; (ii) the Company’s internal financial data forecasts used for the financial analyses of the Proposed Transaction performed by Qatalyst.
This case was voluntarily dismissed on October 21, 2016.
Company & Securities Information
Defendant: Linear Technology Corp.
Headquarters: United States
Ticker Symbol: LLTC
Company Market: NASDAQ
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
David Guerra, et al. v. Linear Technology Corp., et al.