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Case Status:    DISMISSED    
On or around 01/30/2019 (Notice of voluntarily dismissal)

Filing Date: January 17, 2019

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.

COMPANY INFORMATION:

Sector: Services
Industry: Real Estate Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HIFR
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.
COURT: N.D. Texas
DOCKET #: 19-CV-00135
JUDGE: Hon. Sam A Lindsay
DATE FILED: 01/17/2019
CLASS PERIOD START: 10/18/2018
CLASS PERIOD END: 01/17/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Federman & Sherwood (Dallas)
    2926 Maple Avenue, Suite 200, Federman & Sherwood (Dallas), TX 75201
    ·
  2. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available