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Case Status:    DISMISSED    
On or around 06/07/2017 (Notice of voluntarily dismissal)

Filing Date: June 02, 2017

According to the Complaint, on April 7, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s stockholders stand to receive $23.75 in cash for each share of Intrawest common stock they own (the “Merger Consideration”).

On April 8, 2017, following the execution of the Merger Agreement, Fortress Investment Group LLC (“Fortress”), which on such date beneficially owned 27,038,250 shares of Company Common Stock representing approximately 67.9% of the 39,822,611 outstanding shares of Company Common Stock, delivered a written consent adopting and approving in all respects the Merger Agreement (the “Stockholder Consent”). As a result, no further action by any stockholder of the Company is required under applicable Delaware law or the Merger Agreement to adopt the Merger Agreement, and the Company will not be soliciting any votes for adoption of the Merger Agreement and will not call a stockholder meeting for purposes of voting on the adoption of the Merger Agreement. Notwithstanding the Stockholder consent, the Company stockholders are entitled to exercise their appraisal rights.

The Complaint alleges on May 22, 2017, the Board authorized the filing of a materially incomplete and misleading Definitive Information Statement (the “Information Statement”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act, which inhibits the Company stockholders from being able to exercise their appraisal rights on an informed manner.

This case was voluntarily dismissed by Plaintiffs on June 7, 2017.

COMPANY INFORMATION:

Sector: Services
Industry: Recreational Activities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SNOW
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: D. Colorado
DOCKET #: 17-CV-01337
JUDGE: Hon. Scott T. Varholak
DATE FILED: 06/02/2017
CLASS PERIOD START: 04/07/2017
CLASS PERIOD END: 06/02/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
No Document Title Filing Date