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Omega Protein Corporation

Case Summary

Omega Protein Corporation Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 01/30/2018 (Notice of voluntarily dismissal)

Filing Date: November 06, 2017

Omega Protein Corporation is a Nevada corporation. Omega’s common stock is traded on the NYSE under the ticker symbol “OME.” Omega is a nutritional products company that develops, produces, and delivers nutrition products throughout the world to improve the nutritional integrity of foods, dietary supplements, and animal feeds. The Company operates in two primary industry segments: animal nutrition and human nutrition.

According to the Complaint, this action stems from a proposed transaction announced on October 6, 2017 (the “Proposed Transaction”), pursuant to which Omega Protein Corporation (“Omega” or the “Company”) will be acquired by Cooke Inc. (“Parent”) and its wholly-owned subsidiary, Alpha MergerSub, Inc. (“Merger Sub,” and together with Parent, “Cooke”).

On October 5, 2017, Omega’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 Cooke. Pursuant to the terms of the Merger Agreement, if Omega’s shareholders approve the Proposed Transaction, they will receive $22.00 in cash for each share of Omega common stock that they own.

On January 30, 2018, this case was voluntarily dismissed.

On October 30, 2017, defendants filed a Preliminary 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. Accordingly, plaintiff alleges herein that defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Proxy Statement.

Company & Securities Information

Defendant: Omega Protein Corporation

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: OME
Company Market: New York SE
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

Adam Franchi, et al. v. Omega Protein Corporation, et al.

COURT: D. Nevada
DOCKET #: 17-CV-02805
JUDGE: Hon. Gloria M. Navarro
DATE FILED: 11/06/2017
CLASS PERIOD START: 10/06/2017
CLASS PERIOD END: 11/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kemp, Jones & Coulthard, LLP
    3800 Howard Hughes Parkway , Kemp, Jones & Coulthard, LLP , NV 89169
    702-385-6000 702-385-6001 ·
  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
  3. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 11/06/2017
2 U.S. District Court Civil Docket 01/30/2018
3 Plaintiff's Notice of Voluntary Dismissal 01/30/2018
 
 

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