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Case Status:    DISMISSED    
On or around 07/30/2018 (Notice of voluntarily dismissal)

Filing Date: March 22, 2018

Dr Pepper Snapple Group, Inc. ("DPS") is a leading producer of flavored beverages in North America and the Caribbean. DPS manufactures, bottles, and distributes Dr Pepper, 7UP, Mott's, Snapple, Canada Dry, and other famous brands as well as new innovations.

On January 29, 2018, DPS issued a press release announcing that it had entered into a merger agreement (the “Merger Agreement”) by and among the Company and Keurig Green Mountain, Inc. ("Keurig") which is an affiliate of JAB Holding Company (“JAB”). Pursuant to the Merger Agreement, Keurig and DPS will merge to create Keurig Dr Pepper ("KDP").

The Complaint alleges that on March 8, 2018, in order to induce DPS stockholders to vote in favor of the Proposed Transaction, Defendants authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “Proxy”) with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act. In particular, the Complaint alleges that the Proxy contains materially incomplete and misleading information
concerning: (i) the valuation analyses conducted by the Company’s financial advisor, Credit Suisse Securities (USA) LLC (“Credit Suisse”); and (ii) the background process leading up to the Proposed Transaction.

This case was voluntarily dismissed on July 30, 2018.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Beverages (Non-Alcoholic)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DPS
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: D. Delaware
DOCKET #: 18-CV-00429
JUDGE:
DATE FILED: 03/22/2018
CLASS PERIOD START: 01/29/2018
CLASS PERIOD END: 03/22/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brower Piven (New York)
    488 Madison Avenue. Eighth Floor, Brower Piven (New York), NY 10022
    212.501.9000 212.501.0300 · info@browerpiven.com
  2. Faruqi & Faruqi LLP (Wilmington)
    20 Montchanin Road, Suite 145, Faruqi & Faruqi LLP (Wilmington), DE 19807
    (302) 482-3182 (302) 482-3612 ·
No Document Title Filing Date
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