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Case Status:    DISMISSED    
On or around 12/29/2017 (Notice of voluntarily dismissal)

Filing Date: December 12, 2017

According to the Complaint, MGC is a global medical technology company dedicated to cardiorespiratory health
solutions. The Company, through its Medical Graphics Corporation and Medisoft SA subsidiaries, develops, manufactures, and markets non-invasive diagnostic systems. This portfolio of products provides solutions for disease detection, integrated care, and wellness across the spectrum of cardiorespiratory healthcare. The Company’s products are sold internationally through distributors and, in the United States, France and Belgium, primarily through a direct sales force targeting heart and lung specialists located in hospitals, university-based medical centers, medical clinics, physicians’ offices, pharmaceutical companies, medical device manufacturers, and clinical research organizations.

This action stems from a proposed transaction announced on November 27, 2017 (the “Proposed Transaction”), pursuant to which MGC Diagnostics Corporation (“MGC” or the “Company”) will be acquired by Altus Capital Partners, Inc. (“Altus CP”) and its affiliates. On December 7, 2017, defendants filed a 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. Accordingly, plaintiff alleges herein that defendants violated Sections 14(e), 14(d), and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Solicitation Statement.

The case was voluntarily dismissed on December 29, 2017.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MGCD
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: D. Minnesota
DOCKET #: 17-CV-05411
JUDGE: Hon. Wilhelmina M. Wright
DATE FILED: 12/12/2017
CLASS PERIOD START: 11/27/2017
CLASS PERIOD END: 12/12/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Altman & Izek
    901 N 3rd St Ste 140 , Altman & Izek , MN 55401
    612-335-3700 612-335-3701 ·
  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 ·
No Document Title Filing Date