Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 05/23/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: March 13, 2017

According to the Complaint, on February 13, 2017, the Company announced that it had entered into a definitive agreement (the “Merger Agreement”) by which Allergan, through its wholly owned subsidiary, Merger Sub, would acquire Zeltiq through a long-form merger to acquire all of the outstanding shares of Zeltiq for $56.50 per share in cash (the “Proposed Transaction”). The Proposed
Transaction is valued at approximately $2.475 billion.

On March 9, 2017, the Company filed a Preliminary Proxy on Schedule 14A (the “Proxy”) with the SEC. The Complaint alleges the Proxy is materially deficient and misleading because it fails to disclose material information about the potential conflicts of interest faced by Company management and the financial projections prepared by Company management relied upon by the Company’s financial advisor.

Pursuant to a stipulation by the parties, this case was ordered dismissed on May 23, 2017.


Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States


Ticker Symbol: ZLTQ
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.
COURT: N.D. California
DOCKET #: 17-CV-01353
DATE FILED: 03/13/2017
CLASS PERIOD END: 03/13/2017
  1. Levi & Korsinsky (San Francisco)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available