On or around 08/23/2018 (Ongoing date of last review)
Filing Date: September 02, 2016
According to the Complaint, it is alleged on October 13, 2015, as detailed herein, defendants, to secure shareholder support for the unfair Acquisition of the Company by Berkshire, issued a materially false and misleading Definitive Proxy Statement Pursuant to § 14(a) of the Securities Exchange Act of 1934 (the “Proxy”). The Proxy contained numerous material misleading statements or omissions in an attempt to secure approval of the Acquisition.
On November 21, 2016, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiff filed an amended complaint on January 5, 2017. Defendants filed a Motion to Dismiss the amended complaint on March 6. On October 3, the Magistrate Judge recommended that the Motion to Dismiss should be denied in its entirety. On January 24, 2018, the Court adopted the Magistrate Judge's recommendations and denied the Defendants' Motion to Dismiss the amended complaint.
Company & Securities Information
Defendant: Precision Castparts Corp.
Sector: Basic Materials
Industry: Misc. Fabricated Products
Headquarters: United States
Ticker Symbol: PCP
Company Market: New York SE
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
NECA-IBEW Pension Trust Fund, et al. v. Precision Castparts Corp., et al.