Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 01/11/2019 (Notice of voluntarily dismissal)

Filing Date: November 09, 2018

According to the Complaint, Nevsun is a mid-tier base metals company with its principal executive offices
located in Vancouver, British Columbia. The Company operates Bisha, a high-grade open pit copper-zinc mine, and is developing the Timok copper-gold project.

On September 5, 2018, Nevsun issued a press release announcing that the Company had entered an agreement in connection with the Proposed Transaction. Pursuant to the terms of the agreement Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash. The offer is valued at C$1.86 billion (US$1.41 billion). The Company received financial opinions from BMO Nesbitt Burns Inc. (“BMO”) and Citigroup Global Markets Inc. (“Citi”) in connection with the Proposed Transaction.

On September 14, 2018, the Company filed the Solicitation Statement and associated exhibits with the SEC. The Solicitation Statement recommends that the Company’s stockholders tender their shares in favor of the Proposed Transaction. The Complaint alleges that the Solicitation Statement misrepresents and/or omits material information that is necessary for the Company’s shareholders to make informed decisions concerning whether to tender their shares in favor of the Proposed Transaction.

This case was voluntarily dismissed on January 11, 2019.


Sector: Basic Materials
Industry: Metal Mining
Headquarters: Canada


Ticker Symbol: NSU
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.
COURT: S.D. New York
DOCKET #: 18-CV-10420
JUDGE: Hon. Paul A. Engelmayer
DATE FILED: 11/09/2018
CLASS PERIOD END: 11/09/2018
  1. Lifshitz & Miller
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available