According to the Complaint, TIER REIT, Inc. is a Dallas-based real estate investment trust focused on owning commercial office properties throughout the United States. The Company strives to own property in markets which are primarily higher-density and amenity-rich locations. The Company owns interests in 19 operating properties and two development properties located in five markets throughout the United States.

On March 25, 2019, TIER and Cousins Properties Incorporated issued a joint press release announcing the Proposed Merger between TIER and Cousins.

The Complaint alleges that on April 19, 2019, in order to convince TIER shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Form S-4 Registration Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed on July 1, 2019.