On or around 06/25/2018 (Court's order of dismissal)
Filing Date: October 17, 2017
According to the Complaint, this action stems from a proposed transaction announced on March 7, 2017 (the "Proposed Transaction"), pursuant to which TerraForm Global, Inc. ("TerraForm" or the "Company") will be acquired by Orion US Holdings 1 L.P. ("Parent") and its wholly owned subsidiary, BRE GLBL Holdings Inc. ("Merger Sub"), which were formed by affiliates of Brookfield Asset Management Inc. ("BAM," and together with Parent and Merger Sub, "Brookfield").
On March 6, 2017, TerraForm's Board of Directors (the "Board" or "Individual Defenants") caused the Company to enter into an agreement and plan of merger (the "Merger Agreement") with Orion.
On October 10, 2017, defendants filed a proxy statement (the "Proxy Statement") with the United States Securities and Exchange commission ("SEC") in connection with the Proposed Transaction.
The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on June 25, 2018.
Company & Securities Information
Defendant: Terraform Global, Inc.
Industry: Electric Utilities
Headquarters: United States
Ticker Symbol: GLBL
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.
First Identified Complaint
Robert Berg, et al. v. Terraform Global, Inc., et al.
COURT: D. Maryland
DOCKET #: 17-CV-03044
JUDGE: Hon. Theodore D. Chuang
DATE FILED: 10/17/2017
CLASS PERIOD START: 03/07/2017
CLASS PERIOD END: 10/17/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Goldman & Minton, P.C.
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
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