Case Page

 

Case Status:    ONGOING    
On or around 10/04/2017 (Ongoing date of last review)

Filing Date: October 04, 2017

According to the Complaint, on August 3, 2017, Numerex issued a press release announcing it had entered into an Agreement and Plan of Merger dated August 2, 2017 (the “Merger Agreement”) to sell Numerex to Sierra.

On September 18, 2017, Sierra filed a Form F-4 Registration Statement (the “Registration Statement”), containing a proxy statement of Numerex, with the SEC. The Complaint alleges the Registration Statement, which recommends that Numerex stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) Numerex and Sierra’s financial projections, relied upon by Numerex’s financial advisor Deutsche Bank Securities Inc. (“Deutsche Bank”) in its financial analyses; (ii) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by Deutsche Bank; and (iii) the sale process leading to the Proposed Transaction, including the terms of the non-disclosure agreements (“NDAs”) entered into by Numerex with counterparties.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NMRX
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: N.D. Georgia
DOCKET #: 17-CV-03893
JUDGE: Hon. Charles A. Pannell, Jr
DATE FILED: 10/04/2017
CLASS PERIOD START: 08/03/2017
CLASS PERIOD END: 10/04/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
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