On or around 12/13/2017 (Notice of voluntarily dismissal)
Filing Date: October 03, 2017
According to the Complaint, on August 29, 2017, the Company, Parent Entities, and the Lightfoot Entities announced that they had entered into a definitive agreement (“Merger Agreement”) under which Parent Entities and Lightfoot Entities will acquire all of the outstanding common units of MLP in an all-cash transaction (the “Proposed Transaction”). If consummated, unitholders will receive $16.50 in cash for per common unit of MLP. The Proposed Transaction has an enterprise value of approximately $3.0 billion.
The Complaint alleges that on September 26, 2017, Defendants issued materially incomplete and misleading disclosures in the Schedule 14A Preliminary Proxy Statement (the “Proxy”) filed with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. According to the Complaint, the Proxy is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction. Plaintiff alleges that Defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Proxy.
This case was voluntarily dismissed on December 13, 2017.
Company & Securities Information
Defendant: Arc Logistics Partners LP
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: ARCX
Company Market: New York SE
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
David Spicer, et al. v. Arc Logistics Partners LP, et al.
COURT: S.D. New York
DOCKET #: 17-CV-07555
JUDGE: Hon. Victor Marrero
DATE FILED: 10/03/2017
CLASS PERIOD START: 08/29/2017
CLASS PERIOD END: 10/03/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky, LLP 30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004 212.363.7500 212.363-7171 ·
First Identified Complaint (FIC) Filings:
Complaint for Violation of Federal Securities Laws
U.S. District Court Civil Docket
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available