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Case Status:    SETTLED
On or around 07/05/2017 (Date of order of final judgment)

Filing Date: November 28, 2016

According to the Complaint, it is allegedthe members of the Company’s Board failed to fulfill their fiduciary duties and acted in bad faith by succumbing to the efforts of a self-interested shareholder and self-dealing officers to steer the sale of the Company to a private equity buyer and away from strategic buyers, resulting in a flawed and inadequate process.

The parties entered into a Stipulation of Settlement on March 7, 2017. Preliminary approval was granted March 15. Final approval was granted on July 5.

COMPANY INFORMATION:

Sector: Utilities
Industry: Natural Gas Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EGAS
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.
COURT: N.D. Ohio
DOCKET #: 16-CV-02880
JUDGE: Hon. Patricia A. Gaughan
DATE FILED: 11/28/2016
CLASS PERIOD START: 10/08/2016
CLASS PERIOD END: 11/28/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Tucker Ellis LLP
    950 Main Avenue Suite 1100, Tucker Ellis LLP, OH 44113
    216.592.5000 216.592.5009 ·
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