Case Page

 

Case Status:    ONGOING    
On or around 04/10/2018 (Ongoing date of last review)

Filing Date: April 04, 2018

Hardinge Inc. was founded in 1890. Together with its subsidiaries, Hardinge designs, manufactures and distributes machine tools in the Americas, Europe and Asia. The Company operates through two segments: Metalcutting Machine Solutions, and Aftermarket Tooling and Accessories. It offers advanced computer-controlled Turning Machines, Grinding Machines, Machining Centers, System Integrations, Turnkey Solutions and post-sale support services including repair parts, training, in-field maintenance and repairs for machine solutions. Hardinge also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories.

According to the Complaint, this action stems from a proposed transaction announced on February 12, 2018(the “Proposed Transaction”), pursuant to which Hardinge Inc. (“Hardinge” or the “Company”) will be acquired by affiliates of Privet Fund Management LLC and Privet Fund LP (collectively, “Privet”).

On March 5, 2018, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.

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




COMPANY INFORMATION:

Sector: Capital Goods
Industry: Constr. - Supplies & Fixtures
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HDNG
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: W.D. New York
DOCKET #: 18-CV-06280
JUDGE: Hon. David G. Larimer
DATE FILED: 04/04/2018
CLASS PERIOD START: 02/12/2018
CLASS PERIOD END: 04/04/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hynes Keller Hernandez, LLC
    118 North Bedford Road, Suite 100, Hynes Keller Hernandez, LLC, NY 10549
    (914) 752-3040 (914) 752-3041 ·
  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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