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Case Status:    DISMISSED    
On or around 06/27/2018 (Court's order of dismissal)

Filing Date: April 03, 2018

According to the Complaint, Layne Christensen is a leading global water management and services company,
with more than 130 years of industry experience, providing responsible, sustainable, integrated solutions to address the world’s water, minerals and infrastructure challenges. The Company’s customers include government agencies, investor-owned utilities, industrial companies, global mining companies, engineering and consulting firms, oil and gas companies, power companies and agribusiness.

This action stems from a proposed transaction announced on February 14, 2018 (the “Proposed Transaction”), pursuant to which Layne Christensen Company (“Layne Christensen” or the “Company”) will be acquired by Granite Construction Incorporated (“Granite”) and its wholly owned subsidiary, Lowercase Merger Sub Incorporated (“Merger Sub” and together with Granite, “Granite Construction”).

On March 13, 2018, defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.

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

This case was voluntarily dismissed on June 27, 2018.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LAYN
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: S.D. Texas
DOCKET #: 18-CV-01051
JUDGE: Hon. Lynn N Hughes
DATE FILED: 04/03/2018
CLASS PERIOD START: 02/14/2018
CLASS PERIOD END: 04/03/2018
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. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  3. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
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—Reference Complaint Complaint Related Data is not available
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