On or around 10/10/2017 (Ongoing date of last review)
Filing Date: February 17, 2017
According to the Complaint, it is allegedDefendants have asked Transgenomic shareholders to vote in favor of this extremely complex Proposed Transaction by disseminating a materially incomplete and misleading Proxy Statement (the “Proxy”), in violation of Sections 14(a) and 20(a) of the Exchange Act. In particular, the Proxy contains materially incomplete and misleading information concerning: (i) the terms and details surrounding discussions regarding alternative strategic proposals the Company received from other parties; (ii) financial projections for the Company and Precipio; and (iii) the valuation analyses performed by the Company’s financial advisor, Craig-Hallum Capital Group LLC (“Craig-Hallum”), in support of its so-called “fairness opinion.”
Company & Securities Information
Defendant: Transgenomic, Inc.
Industry: Biotechnology & Drugs
Headquarters: United States
Ticker Symbol: TBIO
Company Market: OTC-BB
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Jesse Campbell, et al. v. Transgenomic, Inc., et al.