On or around 07/16/2015 (Ongoing date of last review)
Filing Date: January 30, 2015
According to the Complaint, on November 17, 2014, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Vector pursuant to which ChyronHego’s shareholders will receive $2.82 per share in cash (the “Offer Price”).
On December 10, 2014, the Company filed with the SEC a preliminary proxy statement on Form PREM14A purportedly to inform its shareholders about the terms of the Proposed Transaction and the negotiations thereof. On January 14, 2015, the Company filed with the SEC a revised preliminary proxy statement on Form PREM14A (the “Proxy”). The Complaint alleges the Proxy omits material information concerning both the negotiation process leading to the Proposed Transaction and the valuation of ChyronHego.
Company & Securities Information
Defendant: ChyronHego Corporation
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: CHYR
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.
First Identified Complaint
Mike Allaria, et al. v. ChyronHego Corporation, et al.