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Case Status:    DISMISSED    
On or around 06/12/2017 (Court's order of dismissal)

Filing Date: December 09, 2016

According to the Complaint, on November 2, 2016, Inteliquent’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of Inteliquent will receive $23.00 per share in cash.

On December 2, 2016, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction.

Pursuant to a Stipulation by the parties, this case was ordered dismissed on February 28, 2017. The Court issued an Order Closing and Terminating the action on June 12.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IQNT
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.
COURT: N.D. Illinois
DOCKET #: 16-CV-11244
JUDGE: Hon. Charles R. Norgle, Sr
DATE FILED: 12/09/2016
CLASS PERIOD START: 11/02/2016
CLASS PERIOD END: 12/09/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
  2. Ryan & Maniskas, LLP
    995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087
    (484) 588-5516 (484) 450-2582 ·
  3. Wolf Haldenstein Adler Freeman & Herz LLP (Chicago)
    55 West Monroe Street, Suite 1111, Wolf Haldenstein Adler Freeman & Herz LLP (Chicago), IL 60603
    312.984.0000 312.984.0000 ·
No Document Title Filing Date