Case Page

 

Case Status:    DISMISSED    
On or around 09/05/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: August 08, 2017

According to the Complaint, on July 7, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which each share of Sparton common stock will be exchanged for $23.50 in cash, representing approximately $235 million in the aggregate (the “Merger Consideration”).

The Complaint alleges that on August 4, 2017, in order to convince Sparton 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.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SPA
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: N.D. Ohio
DOCKET #: 17-CV-01663
JUDGE: Hon. Dan Aaron Polster
DATE FILED: 08/08/2017
CLASS PERIOD START: 07/07/2017
CLASS PERIOD END: 08/08/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Law Offices of John C Camillus, LLC
    PO Box 141410 , Law Offices of John C Camillus, LLC , OH 43214
    614-558-7254 614-559-6731 ·
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