On or around 10/18/2017 (Court's order of dismissal)
Filing Date: July 27, 2017
According to the Complaint, on June 29, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s shareholders stand to receive $12.97 in cash for each share of West Marine stock they own (the “Merger Consideration”).
On July 24, 2017, in order to convince West Marine shareholders to vote in favor of the Proposed Merger, the Complaint alleges the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed as moot on October 18, 2017.
Company & Securities Information
Defendant: West Marine, Inc.
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: WMAR
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.
First Identified Complaint
Derrick McNeil , et al. v. West Marine, Inc., et al.