Case Page

 

Case Status:    ONGOING    
On or around 07/18/2018 (Ongoing date of last review)

Filing Date: July 17, 2018

According to the Complaint, Tenneco Inc. ("Tenneco" or the "Company") designs, manufactures, and sells clean air and ride performance systems and products for light vehicle, commercial truck, off-highway, and other applications.

On April 10, 2018, the members Tenneco’s board of directors (the "Board") caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Federal-Mogul LLC, American Entertainment Properties Corp., and Icahn Enterprises L.P., pursuant to which, Tenneco agreed to acquire Federal-Mogul in exchange for paying AEP $800,000,000 in cash (the “Cash Consideration”) and issuing AEP 29,444,846 shares of Tenneco stock (the “Stock Consideration” and together with the Cash Consideration, the “Merger Consideration”).

The Complaint alleges that on June 26, 2018, the Board authorized the filing of a materially incomplete and misleading preliminary proxy statement (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TEN
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-01052
JUDGE: Hon. Richard G. Andrews
DATE FILED: 07/17/2018
CLASS PERIOD START: 04/10/2018
CLASS PERIOD END: 07/17/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cooch & Taylor, P.A.
    The Brandywine Building; 1000 West Street, 10th Floor, Cooch & Taylor, P.A., DE 19801
    302.984.3800 302.984.3939 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
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