On or around 08/17/2020 (Court's order of dismissal)
Filing Date: May 19, 2017
According to the Complaint, on April 20, 2017, KCG’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Virtu. Pursuant to the terms of the Merger Agreement, stockholders of KCG will receive $20.00 per share in cash.
On May 11, 2017, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
On August 17, 2020, this case was dismissed, without prejudice, for failure to prosecute.
Company & Securities Information
Defendant: KCG Holdings, Inc.
Industry: Investment Services
Headquarters: United States
Ticker Symbol: KCG
Company Market: New York SE
Market Status: Public (Listed)
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