On or around 10/16/2017 (Notice of voluntarily dismissal)
Filing Date: August 29, 2017
According to the Complaint, on August 8, 2017, Supreme and Wabash issued a joint press release announcing that they had entered into an Agreement and Plan of Merger (the “Merger Agreement”) to sell Supreme to Wabash.
On August 22, 2017, Supreme filed a Solicitation/Recommendation Statement on Schedule 14D-9 (the “Recommendation Statement”) with the SEC. The Complaint alleges the Recommendation Statement, which recommends that Supreme stockholders tender their shares in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) Supreme management’s projections, including the projections utilized by the Company’s financial advisor, Robert W. Baird & Co. Incorporated (“Baird”), in its financial analyses; (ii) the valuation analyses prepared by Baird in connection with the rendering of its fairness opinion; and (iii) the background process leading up to the Proposed Transaction .
This case was voluntarily dismissed as moot on October 13, 2017.
Company & Securities Information
Defendant: Supreme Industries, Inc.
Sector: Consumer Cyclical
Industry: Auto & Truck Manufacturers
Headquarters: United States
Ticker Symbol: STS
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
JS Halberstam Irrevocable Grantor Trust, et al. v. Supreme Industries, Inc., et al.