On or around 05/09/2018 (Notice of voluntarily dismissal)
Filing Date: April 24, 2018
According to the Complaint, this action stems from a proposed transaction (the “Proposed Transaction” or “Merger”) announced on March 28, 2018, pursuant to which Willbros Group Inc. (“Willbros” or the “Company”) will be acquired by Primoris Services Corporation (“Primoris”) through its wholly owned subsidiary, Waco Acquisition Vehicle, Inc. (“Merger Sub”).
On March 28, 2018, the Company’s Board of Directors (the “Board” or the “Individual Defendants”) caused the Company to enter into an Agreement and Plan of Merger (the “Merger Agreement”) with Merger Sub.
On April 11, 2018, Defendants filed a preliminary Proxy Statement on Schedule 14A with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction (the “Proxy”). The Complaint alleges that the Proxy omits certain material information with respect to the Proposed Transaction, which renders it false and misleading, in violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934.
This case was voluntarily dismissed on May 9, 2018.
Company & Securities Information
Defendant: Willbros Group Inc.
Industry: Oil Well Services & Equipment
Headquarters: United States
Ticker Symbol: WG
Company Market: OTC-BB
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.
First Identified Complaint
Karl Graulich, et al. v. Willbros Group Inc., et al.