On or around 05/15/2019 (Other)
Filing Date: October 05, 2018
According to the Complaint, this action stems from a proposed transaction announced on August 6, 2018 (the “Proposed Transaction”), pursuant to which Connecticut Water Service, Inc. (“Connecticut Water” or the “Company”) will be acquired by SJW Group.
Connecticut Water was incorporated in 1974, with its largest subsidiary, The Connecticut Water Company (“CWC”), being organized in 1956. Connecticut Water is a nonoperating holding company, whose income is derived from the earnings of its six wholly-owned subsidiary companies.
On October 2, 2018, Defendants filed a proxy statement with the United States Securities and Exchange Commission (“SEC”) (the “Proxy Statement”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement, which scheduled a stockholder vote on the Proposed Transaction for November 16, 2018, omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on May 14, 2019.
Company & Securities Information
Defendant: Connecticut Water Svc Inc
Industry: Water Utilities
Headquarters: United States
Ticker Symbol: CTWS
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
Susan Paskowitz, et al. v. Connecticut Water Svc Inc, et al.