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Case Status:    ONGOING    
On or around 11/03/2017 (Ongoing date of last review)

Filing Date: November 03, 2017

According to the Complaint, Plaintiff brings this action against IXYS Corporation (“IXYS” or the “Company”) and the Company’s Board of Directors (collectively, the “Board” or the “Individual Defendants,” as further defined below) for violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78n(a), 78t(a), and Rule 14a-9, 17 C.F.R. 240.14a-9, in connection with the proposed sale of IXYS. The Complaint alleges that specifically, Defendants solicit the stockholder approval in connection with the sale of the Company through a registration statement that omits material facts necessary to make the statements therein not false or misleading. Stockholders need this material information to decide whether to vote in favor of the merger.

On August 28, 2017, the Company announced that it had entered into a definitive agreement (the “Merger Agreement”) with Littelfuse, Inc. (“Parent”) and Iron Merger Co., Inc., (“Merger Sub,” and together with Parent, “Littelfuse”), pursuant to which each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration (the “Merger Consideration”) in a transaction valued at approximately $750 million (the “Proposed Transaction”).

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IXYS
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. California
DOCKET #: 17-CV-06438
JUDGE: Hon. Edward M. Chen
DATE FILED: 11/03/2017
CLASS PERIOD START: 08/28/2017
CLASS PERIOD END: 11/03/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (San Francisco)
    44 Montgomery Street, Suite 650, Levi & Korsinsky (San Francisco), CA 94104
    (415) 291-2420 (415) 484-1294 ·
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