Case Page

 

Case Status:    DISMISSED    
On or around 04/03/2018 (Court's order of dismissal)

Filing Date: January 04, 2018

According to the Complaint, this action stems from a proposed transaction announced on October 30, 2017
(the “Proposed Transaction”), pursuant to which Dynegy Inc. (“Dynegy” or the “Company”) will
be acquired by Vistra Energy Corp. (“Vistra Energy”).

Dynegy began operations in 1984 and incorporated in Delaware in 2007. The Company is a holding company that conducts substantially all of its business operations through its subsidiaries. Dynegy’s primary business is the production and sale of electric energy, capacity, and ancillary services from its fleet of 50 power plants in 12 states totaling approximately 31,000 megawatts of generating capacity.

On October 29, 2017, the Individual Defendants caused the Company to enter into the Merger Agreement, pursuant to which the Company will be acquired by Vistra Energy.

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 on April 2, 2018.

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DYN
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.
COURT: S.D. Texas
DOCKET #: 18-CV-00027
JUDGE: Hon. Vanessa D Gilmore
DATE FILED: 01/04/2018
CLASS PERIOD START: 10/30/2017
CLASS PERIOD END: 01/04/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
  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