On or around 11/16/2018 (Court's order of dismissal)
Filing Date: February 15, 2017
According to the law firm press release, the complaint alleges that Defendants breached their duties, and/or aided and abetted such breaches, in connection with their attempt to consummate the Proposed Transaction pursuant to an unfair process and for an unfair price. In addition, the complaint alleges that defendants disseminated a false and misleading Form S-4 Registration Statement, which contains a joint proxy statement/prospectus (the "Registration Statement") in violation of §14(a) and §20(a) of the 1934 Act and Rule 14a-9 promulgated thereunder in connection with the Proposed Transaction.
An amended Complaint was filed on June 19, 2017. Defendants filed a Motion to Dismiss the amended Complaint on July 19. On March 2, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. On October 1, Defendants' Counsel advised the Court that one of the individual Defendants died on September 20, 2018. On November 16, the Court entered Judgment in favor of Defendants against Plaintiff, with each side to bear its own fees and costs.
Company & Securities Information
Defendant: American DG Energy, Inc.
Sector: Capital Goods
Industry: Misc. Capital Goods
Headquarters: United States
Ticker Symbol: ADGE
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
Lee Vardakas, et al. v. American DG Energy, Inc., et al.