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Arris International PLC

Case Summary

Arris International PLC Securities Litigation

Case Summary

Case Status:    SETTLED
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

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

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.

COURT: N.D. Georgia
DOCKET #: 18-CV-05555
JUDGE: Hon. William M Ray, II
DATE FILED: 12/06/2018
CLASS PERIOD START: 11/08/2018
CLASS PERIOD END: 12/06/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
  2. Webb, Klase & Lemond, LLC
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of Federal Securities Laws 12/06/2018
2 Notice of Proposed Settlement of the Actions and Notice of Withdrawal of Plaintiff Agnes-Sampson's Motion for Preliminary Injunction 01/23/2019
3 Order 01/23/2019
4 Stipulation of Settlement 12/19/2019
5 U.S. District Court Civil Docket 01/09/2020
6 Order Preliminarily Approving Settlement and Providing for Notice 01/09/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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