On or around 05/03/2018 (Court's order of dismissal)
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.”
On August 9, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on August 25.
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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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
Jesse Campbell, et al. v. Transgenomic, Inc., et al.