Processing your request

please wait...

Case Page


Case Status:    ONGOING    
On or around 08/16/2019 (Date of last review)

Filing Date: May 03, 2018

According to the Complaint, GGP is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States.

On March 26, 2018, GGP and Brookfield Property Partners, L.P. ("Brookfield") announced a plan of merger in which Brookfield will acquire all of the outstanding shares of GGP common stock, in compensation for which, GGP stockholders will be entitled to elect to receive, either $23.50 in cash or one Brookfield unit or one share of a new Brookfield U.S. REIT security, subject to proration.

On May 2, 2018, Brookfield filed a registration statement on Form S-4/F-4 (the “S-4”) with the Securities and Exchange Commission (the “SEC”) in support of the Proposed Transaction. The Complaint alleges that the S-4 is wholly insufficient and provides either materially misleading and or insufficient information for GGP stockholders to properly analyze whether to vote in favor of the Proposed Transaction, and is therefore a continuation of the Board’s breaches of fiduciary duty aided and abetted by Brookfield and Goldfinch Merger Sub Corp.


Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States


Ticker Symbol: GGP
Company Market: New York SE
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. Delaware
DOCKET #: 18-CV-00679
JUDGE: Hon. Sherry R. Fallon
DATE FILED: 05/03/2018
CLASS PERIOD END: 05/03/2018
  1. Brodsky & Smith, LLC
  2. Cooch & Taylor, P.A.
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available