Case Page

 

Case Status:    ONGOING    
On or around 07/25/2018 (Ongoing date of last review)

Filing Date: July 24, 2018

According to the Complaint, AV Homes is a developer and builder of residential communities in Florida, the Carolinas, Arizona and Texas.

On June 7, 2018, the Board caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Taylor Morrison Home Corporation (“Taylor Morrison”), Taylor Morrison Communities, Inc. (“Intermediate Parent”), and Thor Merger Sub, Inc. (“Merger Sub”), pursuant to which Merger Sub will be merged with and into AV Homes (the “Merger”), with AV Homes continuing as the surviving entity in the Merger as an indirect subsidiary of Taylor Morrison (the “Proposed Merger”).

The Complaint alleges that on July 13, 2018, to convince Company shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a joint registration statement, that was materially incomplete and misleading, which was filed by Taylor Morrison on Form S-4 with the SEC (the “S-4” or the “Registration Statement”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AVHI
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. Delaware
DOCKET #: 18-CV-01091
JUDGE: Hon. Leonard P. Stark
DATE FILED: 07/24/2018
CLASS PERIOD START: 04/30/2018
CLASS PERIOD END: 07/24/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Napoli Shkolnik, LLC
    919 Market Street, Napoli Shkolnik, LLC, DE 19801
    302.330.8025 ·
  2. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
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