Case Page

 

Case Status:    ONGOING    
On or around 10/26/2017 (Ongoing date of last review)

Filing Date: July 11, 2017

According to the Complaint, on June 5, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which each share of common stock of Albany will be converted into the right to receive $21.75 in cash (the “Merger Consideration”).

The Complaint alleges that on July 3, 2017, in order to convince Albany stockholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

The first identified case was voluntarily dismissed on October 25, 2017.

A related action was filed in the Northern District of New York and docketed under 17-CV-01179.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AMRI
Company Market: NASDAQ
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: N.D. New York
DOCKET #: 17-CV-00932
JUDGE: Hon. Gregory M. Sleet
DATE FILED: 07/11/2017
CLASS PERIOD START: 06/06/2017
CLASS PERIOD END: 07/11/2017
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 ·
No Document Title Filing Date
COURT: N.D. New York
DOCKET #: 17-CV-01179
JUDGE: Hon. Gregory M. Sleet
DATE FILED: 10/23/2017
CLASS PERIOD START: 06/06/2017
CLASS PERIOD END: 07/11/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Boies, Schiller & Flexner LLP (New York)
    575 Lexington Avenue, Boies, Schiller & Flexner LLP (New York), NY 10022
    212.446.2383 212.446.2350 ·
  2. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date