On or around 10/04/2017 (Other)
Filing Date: May 03, 2017
According to the Complaint, on February 24 2017, DigitalGlobe’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of DigitalGlobe will receive $17.50 in cash and 0.3132 of a Parent share for each share of DigitalGlobe stock they own.
On April 27, 2017, defendants filed a Form F-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
On July 6, 2017, the Court issued an Order consolidating cases. On July 25, the Court issued another Order consolidating cases. On August 17, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel.
On September 20, 2017, Plaintiffs filed a stipulation to voluntarily dismiss this action without prejudice.
Company & Securities Information
Defendant: DigitalGlobe, Inc.
Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States
Ticker Symbol: DGI
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
George Assad, et al. v. DigitalGlobe, Inc., et al.