Case Page

 

Case Status:    DISMISSED    
On or around 11/28/2017 (Notice of voluntarily dismissal)

Filing Date: October 27, 2017

According to the Complaint, this action stems from a proposed transaction announced on October 5, 2017 (the “Proposed Transaction”), pursuant to which Onvia, Inc. (“Onvia” or the “Company”) will be acquired by Project Diamond Intermediate Holdings Corp. (“Parent”) and its wholly-owned subsidiary, Project Olympus Merger Sub, Inc. (“Merger Sub”), which are affiliates of Deltek, Inc. (“Guarantor,” and together with Parent and Merger Sub, "Deltek”).

On October 4, 2017, Onvia’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Deltek. Pursuant to the terms of the Merger Agreement, Deltek commenced a tender offer, which is scheduled to expire on November 16, 2017, to acquire all of the Company’s outstanding shares of common stock for $9.00 per share in cash.

On October 19, 2017, defendants filed a Schedule 14D-9 Solicitation/Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed
Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the
Proposed Transaction, which renders the Solicitation Statement false and misleading.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ONVI
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: W.D. Washington
DOCKET #: 17-CV-01601
JUDGE: Hon. Richard A Jones
DATE FILED: 10/27/2017
CLASS PERIOD START: 10/05/2017
CLASS PERIOD END: 10/27/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Breskin Johnson Townsend PLLC
    1111 Third Avenue, Suite 2230, Breskin Johnson Townsend PLLC, WA 98101
    206.652.8660 206.652.8660 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
No Document Title Filing Date