On or around 01/22/2018 (Court's order of dismissal)
Filing Date: July 19, 2017
According to the Complaint, it is alleged that on July 17, 2017, in order to convince NCI 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: (i) NCI’s financial projections; (ii) the valuation analyses performed by the Company’s financial advisors Wells Fargo & Co. LLC (“Wells Fargo”) and Stifel, Nicolaus & Company, Incorporated (“Stifel”); and (iii) potential conflicts of interest Wells Fargo faced as a result of its prior dealings with HIG.
This case was voluntarily dismissed on January 15, 2018.
Company & Securities Information
Defendant: NCI, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: NCIT
Company Market: NASDAQ
Market Status: Public (Listed)
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"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.
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