On or around 05/16/2017 (Court's order of dismissal)
Filing Date: December 22, 2016
Synutra International, Inc., is a leading infant formula company in China that engages in the production, distribution and sale of dairy based nutritional products under the Shengyan or Synutra line of brands. The Company, which is a Delaware holding company that conducts its business through its operating subsidiaries in China, has executive offices in Beijing and a headquarters in Rockville, Maryland.
This is a class action brought by Plaintiff on behalf of the minority public stockholders of Synutra International, Inc. (“Synutra” or the “Company”) against the chairman of the Board of Synutra, as well as the Board of Synutra, and Beams Power Merger Sub Limited (“Merger Sub”), to enjoin the going private transaction announced on or about November 17, 2016 (the “Transaction”).
According to the Complaint, it is alleged that the Buyer Group now seeks to solicit minority stockholder approval of the Transaction by way of a materially false and misleading Preliminary Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (the “Preliminary Proxy”) filed with the United States Securities Exchange Commission (“SEC”) on December 9, 2016.
On May 16, 2017, pursuant to a Stipulation by the Parties, the Court dismissed this case.
Company & Securities Information
Defendant: Synutra International, Inc.
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: SYUT
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.
First Identified Complaint
Abraham Atachbarian Roth IRA, et al. v. Synutra International, Inc., et al.
COURT: D. Delaware
DOCKET #: 16-CV-01302
JUDGE: Hon. Leonard P. Stark
DATE FILED: 12/22/2016
CLASS PERIOD START: 11/17/2016
CLASS PERIOD END: 12/22/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Biggs & Battaglia
The Grant Law Firm, PLLC
First Identified Complaint (FIC) Filings:
Class Action Complaint
Stipulation and [Proposed] Order Closing the Action for All Purposes
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available