On or around 03/07/2019 (Notice of voluntarily dismissal)
Filing Date: February 25, 2019
According to the Complaint, Travelport is a travel commerce platform providing distribution, technology, payment, mobile, and other solutions for the global travel and tourism industry.
This action stems from a proposed transaction announced on December 10, 2018 (the “Proposed Transaction”), pursuant to which Travelport will be acquired by affiliates of Siris Capital Group, LLC and Evergreen Coast Capital Corp.
On February 13, 2019, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement, which scheduled a stockholder vote on the Proposed Transaction for March 15, 2019, omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on March 7, 2019.
Company & Securities Information
Defendant: Travelport Worldwide Limited
Industry: Communications Services
Headquarters: United Kingdom
Ticker Symbol: TVPT
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
Stephen Bushansky, et al. v. Travelport Worldwide Limited, et al.