On or around 11/15/2018 (Other)
Filing Date: September 26, 2018
According to the Complaint, Invuity, Inc. ("Invuity" or the "Company") is a medical technology company focused on developing and marketing advanced surgical devices to improve the surgeon’s ability to perform minimal access surgery through smaller and hidden incisions.
On September 11, 2018, Invuity issued a press release announcing the Proposed Transaction, pursuant to which Stryker Corporation will acquire all of the outstanding shares of Invuity for $7.40 per share in cash, implying a total equity value of approximately $190 million.
On September 24, 2018, Defendants filed the Recommendation Statement with the SEC. The Recommendation Statement has been disseminated to the Company’s shareholders, and solicits the Company’s shareholders to tender their shares in the Tender Offer. The Complaint alleges that the Recommendation Statement misrepresents and/or omits material information that is necessary for the Company’s shareholders to make an informed decision concerning whether to tender their shares, in violation of Sections 14(e) and 20(a) of the Exchange Act.
This case was voluntarily dismissed as moot on November 2, 2018.
Company & Securities Information
Defendant: Invuity, Inc.
Industry: Medical Equipment & Supplies
Headquarters: United States
Ticker Symbol: IVTY
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.
First Identified Complaint
Hercules Hurtado, et al. v. Invuity, Inc., et al.
COURT: N.D. California
DOCKET #: 18-CV-05920
JUDGE: Hon. Vince Chhabria
DATE FILED: 09/26/2018
CLASS PERIOD START: 09/11/2018
CLASS PERIOD END: 09/26/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Monteverde & Associates PC (Culver City)
First Identified Complaint (FIC) Filings:
Class Action Complaint Demand for Jury Trial 1. Violation of the Securities Exchange Act of 1934
Motion for Administrative Relief to Approve Voluntary Dismissal of Action Filed Concurrently with Stipulation
U.S. District Court Civil Docket
Order Approving Voluntary Dismissal of Action
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available