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Case Status:    DISMISSED    
On or around 08/20/2018 (Notice of voluntarily dismissal)

Filing Date: April 23, 2018

According to the Complaint, Bravo Brio Restaurant Group, Inc. ("Bravo Brio") owns and operates Italian restaurants in the United States. It operates full-service Italian restaurants under the BRAVO! Cucina Italiana brand name; Italian chophouse restaurants under the BRIO Tuscan Grille brand name; and full-service American-French bistro restaurant under the Bon Vie brand name. The company's restaurants primarily offer Italian food and wine.

On March 7, 2018, members of Bravo Brio's Board of Directors (the "Board") caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with the Consortium, pursuant to which, Bravo Brio shareholders will receive $4.05 in cash for each share of common stock they own (the “Merger Consideration”).

The Complaint alleges that on April 18, 2018, the Board authorized the filing of a materially incomplete and misleading definitive proxy statement (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act and setting a vote on May 22, 2018. The Complaint alleges that, specifically, the Proxy contains materially incomplete and misleading information concerning: (i) the Company’s financial projections; (ii) the valuation analyses performed by the Company’s financial advisor, in support of their fairness opinions; and (iii) the financial advisor’s conflict of interest.

This case was voluntarily dismissed as moot on August 20, 2018.

COMPANY INFORMATION:

Sector: Services
Industry: Restaurants
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BBRG
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. Ohio
DOCKET #: 18-CV-00375
JUDGE: Hon. Algenon L. Marbley
DATE FILED: 04/23/2018
CLASS PERIOD START: 03/08/2018
CLASS PERIOD END: 04/23/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Karon LLC
    700 West St. Clair Avenue, Karon LLC, OH 44113
    ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available