State National Companies Inc. Securities Litigation
On or around 12/11/2017 (Court's order of dismissal)
Filing Date: September 11, 2017
According to the Complaint, on July 26, 2017, State National’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Markel.
On August 29, 2017, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed as moot on December 7, 2017.
Company & Securities Information
Defendant: State National Companies Inc.
Industry: Insurance (Prop. & Casualty)
Headquarters: United States
Ticker Symbol: SNC
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
Matthew Sciabacucchi, et al. v. State National Companies Inc., et al.