Case Page

 

Case Status:    ONGOING    
On or around 12/22/2016 (Ongoing date of last review)

Filing Date: November 23, 2016

According to the law firm press release, on September 22, 2016, WCI entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Lennar. Pursuant to the Merger Agreement, Lennar will acquire WCI, and WCI shareholders will receive $11.75 in cash and a fraction of a share of Lennar Class A common stock valued at $11.75 for each share of WCI that they own (the “Proposed Transaction”).

The Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, on November 10, 2016, defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission. The Registration Statement, which recommends that WCI stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to the process and events leading up to the Proposed Transaction, the opinions and analyses of WCI’s financial advisors, and potential conflicts of interest.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WCIC
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: M.D. Florida
DOCKET #: 16-CV-00846
JUDGE: Hon. John E. Steele
DATE FILED: 11/23/2016
CLASS PERIOD START: 09/22/2016
CLASS PERIOD END: 11/23/2016
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. The Poloszek Law Firm, PLLC
    3407 W Kennedy Blvd , The Poloszek Law Firm, PLLC , FL 33609
    813-574-7678 ·
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