Case Page

 

Case Status:    ONGOING    
On or around 08/10/2017 (Ongoing date of last review)

Filing Date: August 09, 2017

According to the Complaint, on June 8, 2017, SciClone announced that they had entered into a definitive agreement with affiliates of the Buyer Consortium on June 7, 2017 (“Merger Agreement”), under which Silver Biotech Investment Limited (“Parent”), an affiliate of the Buyer Consortium, through its wholly-owned subsidiary, Silver Delaware Investment Limited (“Merger Sub”), will acquire all of the outstanding shares of SciClone in an all-cash transaction (the “Proposed Transaction”).

The Complaint alleges that on August 2, 2017, Defendants issued materially incomplete and misleading disclosures in the Form PREM14A Preliminary Proxy Statement (the “Proxy”) filed with the SEC in connection with the Proposed Transaction.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SCLN
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. California
DOCKET #: 17-CV-04563
JUDGE: Hon. Charles R. Breyer
DATE FILED: 08/09/2017
CLASS PERIOD START: 06/08/2017
CLASS PERIOD END: 08/09/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (San Francisco)
    44 Montgomery Street, Suite 650, Levi & Korsinsky (San Francisco), CA 94104
    (415) 291-2420 (415) 484-1294 ·
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