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Resource America, Inc.

Case Summary

Resource America, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 05/16/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: July 14, 2016

According to the Complaint, on May 22, 2016, Resource America's Board of Directors caused the Company to enter into a definitive agreement and plan of merger. Pursuant to the Merger Agreement, shareholders of Resource America will receive $9.78 in cash for each share of Resource America common stock, in a transaction valued at approximately $207 million.

The Complaint alleges on June 16, 2016, defendants issued materially incomplete and misleading disclosures in the Preliminary Proxy Statement filed with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

This case was voluntarily dismissed on September 14, 2016.

Company & Securities Information

Defendant: Resource America, Inc.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: REXI
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

Margaret Gansman, et al. v. Resource America, Inc., et al.

COURT: E.D. Pennsylvania
DOCKET #: 16-CV-03820
JUDGE: Hon. LEGROME D. DAVIS
DATE FILED: 07/14/2016
CLASS PERIOD START: 05/23/2016
CLASS PERIOD END: 07/14/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Profy Promisloff & Ciarlanto, P.C.
    100 N. 22nd Street, Unit 105 , Profy Promisloff & Ciarlanto, P.C. , PA 19087
    215-259-5156 215-600-2642 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  3. Ryan & Maniskas, LLP
    995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087
    (484) 588-5516 (484) 450-2582 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 07/14/2016
2 Stipulation of Dismissal and [Proposed] Order 09/14/2016
3 Stipulation of Dismissal and Order 05/16/2017
4 U.S. District Court Civil Docket 05/16/2017
 
 

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