Case Page

 

Case Status:    DISMISSED    
On or around 11/01/2017 (Other)

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.

The first identified case was voluntarily dismissed on November 1, 2017. A related action was filed on November 10, under 17-CV-12226.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

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 START: 04/10/2017
CLASS PERIOD END: 08/22/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  2. Matorin Law Office, LLC
    18 Grove Street, Suite 5, Matorin Law Office, LLC, MA 02482
    (781) 453-0100 ·
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 17-CV-12226
JUDGE: Hon. George A. OToole, Jr
DATE FILED: 11/10/2017
CLASS PERIOD START: 04/10/2017
CLASS PERIOD END: 08/22/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
    155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110
    (617) 398-5600 (617) 507-6020 ·
  2. Johnson Fistel, LLP
    600 West Broadway, Suite 1540, Johnson Fistel, LLP, CA 92101
    619.230.0063 619.230.0063 ·
  3. Robbins Geller Rudman & Dowd LLP (San Diego)
    655 West Broadway, Suite 1900, Robbins Geller Rudman & Dowd LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
No Document Title Filing Date