On or around 10/30/2017 (Settlement preliminarily approval)
Filing Date: September 03, 2015
According to the Complaint, on August 17, 2015, zulily and Liberty jointly announced that they had reached a definitive Agreement and Plan of Reorganization (“Reorganization Agreement”) pursuant to which Purchaser will commence an exchange offer (the “Tender Offer”) to acquire all of zulily’s outstanding common stock for consideration
According to the Complaint, on September 1, 2015, members of the board of directors of Zulily allegedly violated Sections of the Exchange Act by causing a materially incomplete and misleading Schedule 14D-9 Solicitation/Recommendation Statement (“Recommendation Statement”) to be filed with the SEC.
On October 26, 2017, the parties entered into a Stipulation of Settlement. Preliminary approval was granted on October 30.
Company & Securities Information
Defendant: Zulily, Inc.
Sector: Consumer Cyclical
Headquarters: United States
Ticker Symbol: ZU
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.