On or around 10/22/2018 (Notice of voluntarily dismissal)
Filing Date: August 24, 2018
According to the Complaint, SUPERVALU, Inc. ("SUPERVALU" or the "Company") operates a chain of supermarkets and pharmacies as well as provides supply chain services throughout the United States.
On July 25, 2018, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which SUPERVALU’s stockholders will receive $32.50 in cash for each share of SUPERVALU common stock they hold (the “Merger Consideration”).
The Complaint alleges that on August 21, 2018, in order to convince SUPERVALU 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 October 22, 2018.
Company & Securities Information
Defendant: SUPERVALU, Inc.
Industry: Retail (Grocery)
Headquarters: United States
Ticker Symbol: SVU
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
Brian Wallace, et al. v. SUPERVALU, Inc., et al.
COURT: D. Delaware
DOCKET #: 18-CV-01311
JUDGE: Hon. Maryellen Noreika
DATE FILED: 08/24/2018
CLASS PERIOD START: 07/26/2018
CLASS PERIOD END: 08/24/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Faruqi & Faruqi LLP (Wilmington)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934
Notice of Voluntary Dismissal
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available