WGL Holdings, Inc. ("WGL") is a public utility holding company that serves more than 1 million customers in the District of Columbia, Maryland, and Virginia.

According to the Complaint, on January 25, 2017, AltaGas Ltd. and WGL announced that they had entered into a definitive agreement on January 25, 2017 under which AltaGas will acquire all of the outstanding shares of WGL in an all-cash transaction (the “Proposed Transaction”). If consummated, WGL stockholders will receive $88.25 in cash for each share of WGL stock that they own. The Proposed Transaction was valued at approximately $6.4 billion at the time of the announcement.

The Complaint alleges on March 10, 2017, Defendants issued materially incomplete and misleading disclosures in the Form PREM14A Preliminary Proxy Statement filed with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

Pursuant to a stipulation by the parties, this case was ordered dismissed on June 7, 2017.