On or around 02/16/2018 (Court's order of dismissal)
Filing Date: December 07, 2017
According to the Complaint, CalAtlantic is one of the nation’s largest homebuilders and offers homes in communities that meet the desires of customers across the homebuilding spectrum, from entry level to luxury, in forty-three Metropolitan Statistical Areas spanning nineteen states.
On October 29, 2017, the Individual Defendants caused the Company to enter into the Merger Agreement with Lennar. Pursuant to the terms of the Merger Agreement, shareholders of CalAtlantic will receive 0.885 shares of Class A common stock of Lennar or $48.26 in cash for each share of CalAtlantic stock they own.
On November 22, 2017, defendants filed the Registration Statement with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed by the Plaintiff on February 16, 2018.
Company & Securities Information
Defendant: CalAtlantic Group, Inc.
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: CAA
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
The Vladimir Gusinsky Rev.Trust, et al. v. CalAtlantic Group, Inc., et al.