Dover Downs Gaming & Entertainment, Inc. Securities Litigation
On or around 04/08/2019 (Court's order of dismissal)
Filing Date: December 10, 2018
According to the Complaint, Dover Downs Gaming & Entertainment, Inc. ("Dover Downs" or the Company) is a diversified gaming and entertainment company whose operations consist of the Dover Downs Hotel & Casino and Dover Downs Raceway.
On July 23, 2018, the Company issued a press release announcing the Proposed Transaction, the proposed merger of the Company in a stock-for-stock transaction with Twin River Worldwide Holdings, Inc.
The consummation of the Proposed Transaction is subject to certain closing conditions, including the approval of the stockholders of Dover Downs. The Company expects the Proposed Transaction to close in the second half of 2019.
The Complaint alleges that on November 5, 2018, in order to convince Dover Downs’ stockholders to vote in favor of the Proposed Transaction, the Board, jointly with Twin River, authorized the filing of a materially incomplete and misleading preliminary proxy statement with the SEC (the “Proxy Statement”) by Granite, in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed as moot on April 5, 2019.
Company & Securities Information
Defendant: Dover Downs Gaming & Entertainment, Inc.
Industry: Casinos & Gaming
Headquarters: United States
Ticker Symbol: DDE
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
Tammy Raul, et al. v. Dover Downs Gaming & Entertainment, Inc., et al.
COURT: S.D. New York
DOCKET #: 18-CV-11506
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 12/10/2018
CLASS PERIOD START: 07/23/2018
CLASS PERIOD END: 12/10/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Lifshitz & Miller
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
Stipulation and Order of Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available