On or around 01/11/2018 (Notice of voluntarily dismissal)
Filing Date: September 07, 2017
According to the Complaint, on July 5, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s shareholders stand to receive 1.650 shares of Liberty’s Series A QVC Group (“QVC”) common stock for each share of HSN stock they own (the “Merger Consideration”), representing approximately $2.1 billion in total value.
On August 31, 2017, in order to convince HSN shareholders to vote in favor of the Proposed Merger, the Complaint alleges the Board authorized the filing of a materially incomplete and misleading Form S-4 Registration/Joint Proxy Statement (the “S-4”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
On December 21, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. On January 11, 2018, Lead Plaintiff voluntarily dismissed this case.
Company & Securities Information
Defendant: HSN, Inc.
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: HSNI
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.