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Case Status:    DISMISSED    
On or around 07/13/2018 (Court's order of dismissal)

Filing Date: June 25, 2018

According to the Complaint, Quality Care Properties, Inc. ("Quality Care" or the "Company") is a real estate investment trust (“REIT”) that invests in certain skilled nursing and memory care assisted living properties and medical office buildings, as well as a surgical hospital, throughout the United States.

On April 25, 2018, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which each share of Quality Care common stock will be exchanged for $20.75 in cash
(the “Merger Consideration”).

The Complaint alleges that on June 21, 2018, in order to convince Quality Care shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Definitive Proxy Statement on Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed on July 13, 2018.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: QCP
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. Maryland
DOCKET #: 18-CV-01912
JUDGE: Hon. Theodore D. Chuang
DATE FILED: 06/25/2018
CLASS PERIOD START: 04/25/2018
CLASS PERIOD END: 06/25/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Tydings & Rosenberg LLP
    100 East Pratt Street, Tydings & Rosenberg LLP, MD 21202
    410.752.9700 410.757.5460 · webmaster@tydingslaw.com
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