According to the Complaint, InfraREIT Inc. ("InfraREIT" or the "Company") owns and leases rate-regulated electric transmission assets in Texas.

On October 18, 2018, InfraREIT issued a press release announcing the Proposed Transaction, pursuant to which InfraREIT will be acquired by Oncor Electric Delivery Company LLC.

On January 4, 2019, InfraREIT filed a Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) with the SEC. The Complaint alleges that the Proxy Statement, which recommends that InfraREIT stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) InfraREIT’s financial projections relied upon by the Company’s financial advisor in its analyses; (ii) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by the Company's financial advisor; (iii) the background process leading to the Proposed Transaction; and (iv) potential conflicts of interest faced by the Company's financial advisor.

This case was voluntarily dismissed on January 30, 2019.