On or around 10/01/2018 (Notice of voluntarily dismissal)
Filing Date: March 08, 2018
La Quinta Holdings Inc. ("La Quinta") owns, manages or has franchised 888 hotels in 48 U.S. States, Canada, Mexico, and Central and South America.
On January 18, 2018, La Quinta and Wyndham Worldwide Corporation ("Wyndham") announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Wyndham will acquire La Quinta, minus it’s real estate assets, for $8.40 per share (the “Merger Consideration”). The deal is valued at approximately $1.95 billion and is expected to close in the second quarter of 2018.
The Complaint alleges that Defendants have violated Sections 14(a) and 20(a) of the Exchange Act by causing a materially incomplete and misleading preliminary proxy statement (the “Proxy”) to be filed with the Securities and Exchange Commission (“SEC”) on February 22, 2018.
On May 2, 2018, the Court issued an Order consolidating cases.
This case was voluntarily dismissed on October 1.
Company & Securities Information
Defendant: La Quinta Holdings Inc.
Industry: Hotels & Motels
Headquarters: United States
Ticker Symbol: LQ
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
Natalie Cunha, et al. v. La Quinta Holdings Inc, et al.