According to the Complaint, HFF Inc. is a provider of commercial real estate and capital markets services to both consumers and providers of capital in the commercial real estate industry and is one of the largest full-service commercial real estate financial intermediaries in the country. Some of the services the Company provides includes debt placement; investment advisory; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales; and commercial loan servicing.

On March 19, 2019, HFF and Jones Lang LaSalle Incorporated (“JLL”) issued a joint press release announcing the Proposed Merger between HFF and JLL.

The Complaint alleges that on April 29, 2019, in order to convince HFF 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 9, 2019.