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Case Status:    ONGOING    
On or around 07/23/2018 (Ongoing date of last review)

Filing Date: July 23, 2018

According to the Complaint, Xcerra Corporation ("Xcerra" or the "Company") is a global provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries.

On May 7, 2018, Cohu, Inc., Xavier Acquisition Corporation, a wholly owned subsidiary of Cohu (“Merger Sub”), and Xcerra entered into an agreement and plan of merger (the “Merger Agreement”), pursuant to which Merger Sub will merger with an into Xcerra, with Xcerra continuing as the surviving corporation and a wholly owned subsidiary of Cohu (the “Proposed Transaction”).

On May 8, 2018, Xcerra and Cohu, Inc. issued a joint press release announcing the Proposed Transaction.

The Complaint alleges that on June 21, 2018, in order to convince Xcerra’s public common shareholders to vote in favor of the Proposed Transaction, Defendants authorized the filing of a materially incomplete and misleading Form S-4 Registration Statement (the “Proxy”) with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act. The Complaint alleges that in particular, the Proxy contains materially incomplete and misleading information
concerning: (i) financial projections for Xcerra and Cohu; (ii) the valuation analyses performed by Xcerra’s financial advisor in support of their fairness opinion; and (iii) the background process leading to the Proposed Transaction.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: XCRA
Company Market: NASDAQ
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. Massachusetts
DOCKET #: 18-CV-11529
JUDGE: Hon. Allison D. Burroughs
DATE FILED: 07/23/2018
CLASS PERIOD START: 05/08/2018
CLASS PERIOD END: 07/23/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Matorin Law Office, LLC
    18 Grove Street, Suite 5, Matorin Law Office, LLC, MA 02482
    (781) 453-0100 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
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