Case Page

 

Case Status:    DISMISSED    
On or around 08/08/2018 (Other)

Filing Date: May 08, 2018

According to the Complaint, Nationstar is one of the largest residential loan servicers in the United States, operating an integrated residential loan origination platform with a primary focus on customer retention and an array of complementary services related to the purchase and disposition of residential real estate.

This action stems from a proposed transaction announced on February 13, 2018 (the “Proposed Transaction”), pursuant to which Nationstar Mortgage Holdings Inc. (“Nationstar” or the “Company”) will be acquired WMIH Corp. (“Parent”) and Wand Merger Corporation (“Merger Sub,” and together with Parent, “WMIH”).

On February 12, 2018, Nationstar’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with WMIH. Pursuant to the terms of the Merger Agreement, if Nationstar’s stockholders approve the Proposed Transaction, they will be entitled to elect to receive, subject to proration and adjustment, either $18.00 in cash or 12.7793 shares of Parent common stock for each share of Nationstar common stock they own.

On March 23, 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.

Plaintiff voluntarily dismissed this case as moot on August 7, 2018.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NSM
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: N.D. Texas
DOCKET #: 18-CV-01170
JUDGE: Hon. Jane J. Boyle
DATE FILED: 05/08/2018
CLASS PERIOD START: 02/13/2018
CLASS PERIOD END: 05/08/2018
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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