On or around 01/10/2019 (Court's order of dismissal)
Filing Date: November 09, 2018
This action stems from a proposed transaction announced on August 28, 2018 (the “Proposed Transaction”), pursuant to which Aspen Insurance Holdings Limited (“Aspen” or the “Company”) will be acquired by affiliates of Apollo Global Management, LLC (“Apollo”).
According to the Complaint, Aspen is a leading global specialty insurance and reinsurance company. The Company specializes in providing customized underwriting solutions to clients and brokers. Aspen reported assets of $13 billion at the year ended December 31, 2017 and has employees across nine countries.
On August 28, 2018, Aspen’s Board caused the Company to enter into the Merger Agreement.
Defendants filed a Proxy Statement with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement, which scheduled a stockholder vote on the Proposed Transaction for December 10, 2018, omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed as moot on January 2, 2019.
Company & Securities Information
Defendant: Aspen Insurance Holdings Limited
Industry: Insurance (Miscellaneous)
Ticker Symbol: AHL
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
Michael Kent, et al. v. Aspen Insurance Holdings Limited, et al.