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Case Status:    DISMISSED    
On or around 06/22/2018 (Court's order of dismissal)

Filing Date: March 22, 2018

ZAIS is a publicly traded holding company that conducts substantially all of its operations through its principal operating subsidiary ZAIS Group, LLC (“ZAIS Group”), an investment advisory and asset management firm focused on specialized credit.

According to the Complaint, this action stems from a proposed transaction announced on January 12, 2018 (the “Proposed Transaction”), pursuant to which the minority shares of Class A common stock of ZAIS Group Holdings, Inc. (“ZAIS” or the “Company”) will be acquired by the Company’s majority stockholder, Chairman, and Chief Investment Officer through his affiliated entities, Z Acquisition LLC and ZGH Merger Sub, Inc. (together, the “Buyers”).

On February 16, 2018, Defendants filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which was subsequently amended on March 19, 2018 (as amended, the “Proxy Statement”).

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was dismissed as moot on June 22, 2018.


Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States


Ticker Symbol: ZAIS
Company Market: NASDAQ
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. New Jersey
DOCKET #: 18-CV-04018
JUDGE: Hon. Peter G. Sheridan
DATE FILED: 03/22/2018
CLASS PERIOD END: 03/22/2018
  1. Lite DePalma Greenberg, LLC (Newark)
  2. Rigrodsky & Long, P.A.
  3. RM Law, P.C.
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available