Case Page

 

Case Status:    ONGOING    
On or around 05/04/2018 (Ongoing date of last review)

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.

COMPANY INFORMATION:

Sector: Services
Industry: Hotels & Motels
Headquarters: United States

SECURITIES INFORMATION:

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.
COURT: N.D. Texas
DOCKET #: 18-CV-00540
JUDGE: Hon. Ed Kinkeade
DATE FILED: 03/08/2018
CLASS PERIOD START: 01/18/2018
CLASS PERIOD END: 03/08/2018
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. Rowley Law PLLC
    50 Main Street, Suite 1000, Rowley Law PLLC, NY 10606
    914.400.1920 914.301.3514 ·
No Document Title Filing Date