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Case Status:    DISMISSED    
On or around 08/29/2017 (Court's order of dismissal)

Filing Date: June 29, 2017

According to the Complaint, on May 7, 2017, CCP and Sabra jointly announced that they had reached a definitive Agreement and Plan of Merger (“Merger Agreement”) under which each outstanding share of CCP common stock will be exchanged for 1.123 common shares of Sabra (the “Merger Consideration”). The Merger Consideration has an implied value of $29.96 per share based on Sabra’s closing price on May 5, 2017.

The Complaint alleges the defendants have violated the above-referenced Sections of the Exchange Act by causing a materially incomplete and misleading Form S-4 Registration Statement (the “S-4”) filed with the SEC on June 12, 2017. Through the S-4, the Board recommends that CCP shareholders vote in favor of approving the Proposed Merger at the tentative shareholder special meeting, and agree to exchange their shares pursuant to the terms of the Merger Agreement based on, among other things, the factors examined by the Board to make its recommendation and the opinions rendered by the Company’s financial advisors, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofA Merrill Lynch”) and Barclays Capital Inc. (“Barclays”).

This case was voluntarily dismissed on August 25, 2017.

COMPANY INFORMATION:

Sector: Services
Industry: Real Estate Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CCP
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. Delaware
DOCKET #: 17-CV-00859
JUDGE: Hon. Leonard P. Stark
DATE FILED: 06/29/2017
CLASS PERIOD START: 05/07/2017
CLASS PERIOD END: 06/29/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (Wilmington)
    20 Montchanin Road, Suite 145, Faruqi & Faruqi LLP (Wilmington), DE 19807
    (302) 482-3182 (302) 482-3612 ·
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