On or around 06/14/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: March 27, 2017
According to the Complaint, on February 17, 2017, LMI and Sonaca announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Sonaca will acquire all of the outstanding shares of common stock of LMI for $14.00 per share (the “Merger Consideration”), in cash (the “Proposed Transaction”). The Proposed Transaction is expected to close in mid-2017.
The Complaint alleges Defendants have violated Sections of the Exchange Act by causing a materially incomplete and misleading preliminary proxy statement (the “Proxy”) to be filed with the U.S. Securities and Exchange Commission (“SEC”) on March 15, 2017. The Proxy recommends that LMI shareholders vote in favor of the Proposed Transaction whereby Merger Sub will merge with and into LMI, and become a wholly owned subsidiary of Sonaca.
Pursuant to a Stipulation by the parties, this case was dismissed on June 14, 2017.
Company & Securities Information
Defendant: LMI Aerospace, Inc.
Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States
Ticker Symbol: LMIA
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
Madjid Benchabane, et al. v. LMI Aerospace, Inc., et al.
COURT: E.D. Missouri
DOCKET #: 17-CV-01100
JUDGE: Hon. John A. Ross
DATE FILED: 03/27/2017
CLASS PERIOD START: 02/17/2017
CLASS PERIOD END: 03/27/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Carey, Danis & Lowe
Levi & Korsinsky (Stamford)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934
Stipulation and Order Dismissing Action
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available