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Case Status:    DISMISSED    
On or around 12/21/2017 (Notice of voluntarily dismissal)

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.

This case was voluntarily dismissed on December 21, 2017.


Sector: Technology
Industry: Communications Equipment
Headquarters: United States


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 END: 10/04/2017
  1. WeissLaw LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available