On or around 08/02/2019 (Court's order of dismissal)
Filing Date: February 21, 2018
According to the Complaint, this is a stockholder class action brought on behalf of the former holders of Ruby Tuesday, Inc. (“Ruby Tuesday” or the “Company”) common stock against Ruby Tuesday’s Board of Directors (the “Board”) for violations of federal law arising out of an allegedly misleading proxy statement recommending the go-private sale of the Company to certain affiliates of NRD Capital Management (“NRD”) for $2.40 per share (the “Acquisition” or “Merger”), in violation of §14(a) of the 1934 Act and SEC Rule 14a-9 promulgated thereunder.
Before the Merger, Ruby Tuesday was a publicly traded, multinational foodservice retailer that owned, operated and franchised restaurants.
On May 1, 2018, six of the individual Defendants filed a Motion to Dismiss the Complaint. On November 14, the Court issued an Order appointing Lead Plaintiff and Counsel. On March 14, 2019, the Court issued an Order granting the six individual Defendants' Motion to Dismiss. The Court issued an Order granting the remaining individual Defendant's Motion to Dismiss on August 2.
Company & Securities Information
Defendant: Ruby Tuesday, Inc.
Headquarters: United States
Ticker Symbol: RT
Company Market: New York SE
Market Status: Privately Held
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.