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Papa Murphys Holdings, Inc.

Case Summary

Papa Murphys Holdings, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 07/17/2020 (Date of last review)

Filing Date: April 30, 2019

According to the Complaint, Papa Murphy’s is a franchisor and operator of the largest “Take ‘n’ Bake” pizza brand in the United States, selling hand-crafted, fresh pizzas for customers to bake at home.

This action stems from a proposed transaction announced on April 11, 2019, pursuant to which Papa Murphy’s Holdings, Inc. will be acquired by affiliates of MTY Food Group Inc.

On April 25, 2019, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

This case was voluntarily dismissed on July 17, 2019. A related case continues in the Western District of Washington.

On September 9, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on November 8. Defendants filed a Motion to Dismiss the amended Complaint on January 7, 2020. On June 10, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. Lead Plaintiff filed a second amended Complaint on July 10.

Company & Securities Information

Defendant: Papa Murphys Holdings, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Restaurants
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FRSH
Company Market: NASDAQ
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

Richard Scarantino, et al. v. Papa Murphys Holdings, Inc., et al.

COURT: D. Delaware
DOCKET #: 19-CV-00791
JUDGE: Hon. Maryellen Noreika
DATE FILED: 04/30/2019
CLASS PERIOD START: 04/11/2019
CLASS PERIOD END: 04/30/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C.
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 04/30/2019
2 Plaintiff's Notice of Voluntary Dismissal 07/17/2019
3 U.S. District Court Civil Docket 07/18/2019

Reference Complaint

Evan Brown, et al. v. Papa Murphys Holdings, Inc., et al.

COURT: W.D. Washington
DOCKET #: 19-CV-05514
JUDGE: Hon. Maryellen Noreika
DATE FILED: 11/08/2019
CLASS PERIOD START: 04/11/2019
CLASS PERIOD END: 06/07/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Breskin Johnson Townsend, PLLC (Seattle)
  2. Monteverde & Associates PC (Empire St. Bldg)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Class Action Complaint 06/07/2019
2 Order on Plaintiff's Motion for Appointment as Lead Plaintiff and Approval of Counsel 09/09/2019
3 Amended Class Action Complaint 11/08/2019
4 Order Adopting Report and Recommendation 06/10/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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