On or around 01/09/2020 (Settlement preliminarily approval)
Filing Date: December 06, 2018
According to the Complaint, Arris International PLC ("Arris" or the Company) is a global leader in entertainment and communications solutions.
On November 8, 2018, CommScope Holding Company, Inc. ("Commscope") issued a press release announcing the Proposed Transaction, the sale of Arris to Commscope.
The Complaint alleges that on November 30, 2018, Defendants issued materially incomplete and misleading disclosures in the Schedule 14A Preliminary Proxy Statement (the “Proxy”) filed with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Proxy is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction.
On January 23, 2019, the parties filed a notice of proposed Settlement of the actions. Pursuant to their negotiations, the Issuer Defendant agreed to file a Form 8-K with the SEC on January 18, 2019 (the "Supplemental Disclosures"). On December 19, the parties entered into a Stipulation of Settlement. The Court issued an Order preliminarily approving the Settlement on January 9, 2020.
Company & Securities Information
Defendant: Arris International PLC
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: ARRS
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
Aleksandr Uzun, et al. v. Arris International PLC, et al.