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Case Status:    DISMISSED    
On or around 08/09/2019 (Other)

Filing Date: February 20, 2019

According to the Complaint, UQM, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United States and internationally.

On January 21, 2019, UQM issued a press release announcing it had entered into a definitive merger agreement under which affiliates of Denmark-based Danfoss A/S will acquire the Company in the Proposed Transaction with total equity value of approximately $100 million.

The terms of the Proposed Transaction were memorialized in a January 22, 2019, filing with the Securities and Exchange Commission (“SEC”) on Form 8-K attaching the definitive Agreement and Plan of Merger (the “Merger Agreement”). Under the terms of the Merger Agreement, UQM will become an indirect wholly-owned subsidiary of Danfoss, and Danfoss stockholders will receive $1.71 in cash for each share of UQM common stock they own.

The Complaint alleges that on February 12, 2019, Defendants caused to be filed the materially deficient and/or materially misleading Preliminary Proxy with the SEC in an effort to solicit stockholders to vote their UQM shares in favor of the Proposed Transaction.

This case was voluntarily dismissed on August 9, 2019.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: UQM
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: D. Colorado
DOCKET #: 19-CV-00502
JUDGE: Hon. William J. Martinez
DATE FILED: 02/20/2019
CLASS PERIOD START: 01/21/2019
CLASS PERIOD END: 02/20/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brodsky & Smith, LLC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available