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Case Status:    DISMISSED    
On or around 10/18/2019 (Notice of voluntarily dismissal)

Filing Date: March 17, 2019

According to the Complaint, MedEquities is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments.

On January 2, 2019, Omega Healthcare Investors, Inc. and MedEquities issued a joint press release announcing the Proposed Transaction, pursuant to which MedEquities will be acquired by Omega.

On February 11, 2019, Omega filed a registration statement containing a joint proxy statement/prospectus on Form S-4 (“Registration Statement”) with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement, which recommends that MedEquities stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the actual intrinsic standalone value of the Company and Omega; (ii) the financial analyses performed by the Company’s financial advisor; (iii) the background of the Proposed Transaction; and (iv) the Company's financial advisor's potential conflicts of interest.

On August 8, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. This case was voluntarily dismissed on October 18.


Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States


Ticker Symbol: MRT
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: M.D. Tennessee
DOCKET #: 19-CV-00231
JUDGE: Hon. William L. Campbell, Jr
DATE FILED: 03/17/2019
CLASS PERIOD END: 03/17/2019
  1. Bramlett Law Offices (Nashville)
  2. WeissLaw LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available