Case Page

 

Case Status:    DISMISSED    
On or around 10/12/2017 (Notice of voluntarily dismissal)

Filing Date: September 20, 2017

On July 31, 2017, Discovery Communications, Inc. (“Discovery”) and Scripps announced that they signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price.

The Complaint alleges that the Board conducted a flawed sale process tilted in favor of a transaction with Discovery; that the Board initially rebuffed potential purchasers by informing them that Scripps was not for sale, and later, when the Board began to entertain expressions of interest from Company C and Discovery, the Board did not properly shop Scripps or attempt to arrange for an auction to produce the highest bidder.

This case was voluntarily dismissed on October 12, 2017.

COMPANY INFORMATION:

Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SNI
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.
COURT: E.D. Tennessee
DOCKET #: 17-CV-00420
JUDGE: Hon. Pamela L Reeves
DATE FILED: 09/20/2017
CLASS PERIOD START: 07/31/2017
CLASS PERIOD END: 09/20/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Branstetter, Stranch & Jennings, PLLC
    227 2nd Avenue North, Branstetter, Stranch & Jennings, PLLC, TN 37201-1684
    615.254.8801 615.254.8801 ·
  2. Gainey McKenna & Egleston
    440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016
    212.983.1300 212.983.0380 ·
No Document Title Filing Date