On or around 09/08/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: June 19, 2017
According to the Complaint, it is alleged that on May 31, 2017, in order to convince Patheon shareholders to tender their shares, the Board authorized the filing of a materially incomplete and misleading Schedule 14D-9 Solicitation/Recommendation Statement (the “Recommendation Statement”) with the Securities and Exchange Commission (“SEC”). In particular, the Recommendation Statement contains materially incomplete and misleading information concerning Patheon’s financial projections and the valuation analyses performed by the Company’s financial advisor, Morgan Stanley & Co. LLC (“Morgan Stanley”).
On July 21, 2017, this case was voluntarily dismissed pursuant to a Stipulation by the parties. On September 8, the Court issued an order terminating the action.
Company & Securities Information
Defendant: Patheon N.V.
Industry: Major Drugs
Headquarters: United States
Ticker Symbol: PTHN
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.