On or around 04/12/2018 (Court's order of dismissal)
Filing Date: August 04, 2017
According to the Complaint, on June 27, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which each share of First Potomac common stock will be exchanged for $11.15 in cash, representing $1.4 billion in the aggregate (the “Merger Consideration”).
The Complaint alleges on July 31, 2017, in order to convince First Potomac shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
On November 15, 2017, Lead Plaintiff and Counsel were appointed. Lead Plaintiff filed an Amended Complaint on December 18.
This case was voluntarily dismissed on April 9, 2018.
Company & Securities Information
Defendant: First Potomac Realty Trust
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: FPO
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.
First Identified Complaint
Joseph Schwartz, et al. v. First Potomac Realty Trust, et al.