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Case Status:    ONGOING    
On or around 08/03/2017 (Ongoing date of last review)

Filing Date: August 02, 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 $23.05, $4.00 of which will be paid as a “special dividend,” in cash for each share of Parkway stock they own (the “Merger Consideration”), which represents a discount of 12% to the Company’s 52-week high of $26.20.

The Complaint alleges that on July 27, 2017, in order to convince Parkway shareholders to vote in favor of the Proposed Merger, 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.


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


Ticker Symbol: PKY
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: S.D. Texas
DOCKET #: 17-CV-02367
JUDGE: Hon. Gray H Miller
DATE FILED: 08/02/2017
CLASS PERIOD END: 08/02/2017
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. The Bilek Law Firm, L.L.P.
    808 Travis, Suite 802, The Bilek Law Firm, L.L.P., TX 77002
    713.227.7720 713.227.7720 ·
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