Case Page

 

Case Status:    ONGOING    
On or around 12/07/2016 (Ongoing date of last review)

Filing Date: December 02, 2016

According to the Complaint, on October 31, 2016, Team Health announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Tennessee Parent, Inc. (“Parent”) and Tennessee Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the “Proposed Transaction”).

Pursuant to the terms of the Merger Agreement, Team Health shareholders will receive $43.50 in cash for each share of Team Health common stock that they own (the “Merger Consideration”). The Complaint alleges the Merger Consideration is insufficient and undervalues the Company. Furthermore the Merger Consideration is the result of a flawed sales process.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TMH
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.
COURT: E.D. Tennessee
DOCKET #: 16-CV-00675
JUDGE: Hon. Pamela L Reeves
DATE FILED: 12/02/2016
CLASS PERIOD START: 10/31/2016
CLASS PERIOD END: 12/02/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Branstetter, Stranch & Jennings, PLLC
    227 2nd Avenue North, Branstetter, Stranch & Jennings, PLLC, TN 37201-1684
    615.254.8801 615.254.8801 ·
  2. Gainey McKenna & Egleston
    440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016
    212.983.1300 212.983.0380 ·
  3. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
No Document Title Filing Date