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Case Status:    SETTLED
On or around 05/27/2020 (Date of order of final judgment)

Filing Date: December 06, 2018

According to the Complaint, Arris International PLC ("Arris") 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 filed with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement 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. On May 27, 2020, the Court granted final approval of the Settlement and entered Final Judgment.

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