On or around 11/14/2018 (Notice of voluntarily dismissal)
Filing Date: July 27, 2018
According to the Complaint, Cotiviti Holdings, Inc. ("Cotiviti" or the "Company") provides payment processing services in the United States, including claims management, clinical chart validation, optimization analysis, and other services.
On June 19, 2018, the Company and Veritas Capital jointly announced the Proposed Merger in a press release, pursuant to which each share of Cotiviti common stock will be exchanged for $44.75 in cash (the “Merger Consideration”), representing an enterprise value of approximately $4.9 billion.
The Complaint alleges that on July 23, 2018, in order to convince Cotiviti shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading 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 November 14, 2018.
Company & Securities Information
Defendant: Cotiviti Holdings, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: COTV
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.
First Identified Complaint
Eugene Geller, et al. v. Cotiviti Holdings, Inc., et al.