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Case Status:    ONGOING    
On or around 08/23/2017 (Ongoing date of last review)

Filing Date: August 22, 2017

According to the Complaint, on April 10, 2017, Xcerra and Sino IC Capital issued a joint press release announcing that they had entered into an Agreement and Plan of Merger dated April 7, 2017 (the “Merger Agreement”), under which an affiliate of Sino IC Capital, Unic Capital Management Co., Ltd. (“Unic Capital”) would acquire all of Xcerra’s outstanding stock.

The Complaint alleges that on August 7, 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. The Proxy is deficient and misleading because it omits material information about the facts and circumstances that led up to the Proposed Transaction, as well as material information concerning the financial analyses conducted by Cowen and Company, LLC (“Cowen”), the Company’s financial advisor. Without all material information, Xcerra stockholders cannot make a properly informed decision regarding whether to vote in favor of the Proposed Transaction.


Sector: Technology
Industry: Semiconductors
Headquarters: United States


Ticker Symbol: XCRA
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: D. Massachusetts
DOCKET #: 17-CV-11579
JUDGE: Hon. George A. OToole, Jr
DATE FILED: 08/22/2017
CLASS PERIOD END: 08/22/2017
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