On or around 03/29/2019 (Ongoing date of last review)
Filing Date: December 21, 2018
According to the Complaint, LSC Communications Inc. ("LSC" or the "Company") prints magazines, catalogs, retail inserts, books and directories, and sells office supplies such as filing products, envelopes, note-taking products, binders and forms. Printing is an $84 billion industry, and LSC was the third-largest printing company in 2017 with $3.6 billion in consolidated net sales in 2017.
The Proposed Transaction was first disclosed on October 31, 2018, when LSC and Quad/Graphics announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Quad/Graphics will acquire all of the outstanding shares of common stock of LSC in exchange for 0.625 shares of Quad/Graphics Class A common stock (the “Merger Consideration”). The deal is valued at approximately $1.4 billion and is expected to close in mid-2019.
On December 12, 2018, Defendants filed the S-4 with the SEC. The Complaint alleges that significant and material facts were not provided to Plaintiff and the Class. Without such information, LSC shareholders cannot make a fully informed decision concerning whether or not to vote in favor of the Proposed Transaction.
Company & Securities Information
Defendant: LSC Communications Inc
Industry: Business Services
Headquarters: United States
Ticker Symbol: LKSD
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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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
Joe Waters, et al. v. LSC Communications Inc, et al.
COURT: N.D. Illinois
DOCKET #: 18-CV-08419
JUDGE: Hon. Sharon Johnson Coleman
DATE FILED: 12/21/2018
CLASS PERIOD START: 10/31/2018
CLASS PERIOD END: 12/21/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Cafferty Clobes Meriwether & Sprengel LLP 30 North LaSalle Street, Suite 3200, Cafferty Clobes Meriwether & Sprengel LLP, IL 60602 734.769.2144 734.769.1207 ·
Rowley Law PLLC 50 Main Street, Suite 1000, Rowley Law PLLC, NY 10606 914.400.1920 914.301.3514 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available