On or around 07/27/2016 (Court's order of dismissal)
Filing Date: April 06, 2016
According to the Complaint, on March 2, 2016, Checkpoint issued a press release announcing its entry into an Agreement and Plan of Merger with CCL (the "Merger Agreement"), pursuant to which CCL will acquire Checkpoint in a transaction valued at approximately $443 million.
The Complaint alleges the Proposed Transaction is designed to unlawfully divest Checkpoint's public shareholders of the Company's valuable assets without fully disclosing all material information concerning the transaction to Company shareholders.
This case was voluntarily dismissed on July 26, 2016.
Company & Securities Information
Defendant: Checkpoint Systems, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: CKP
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
Harold Litwin, et al. v. William Smoot Antle, et al.