Quantenna Communications, Inc. Securities Litigation
On or around 06/12/2019 (Notice of voluntarily dismissal)
Filing Date: May 09, 2019
According to the Complaint, Quantenna Communications, Inc. is the global leader and innovator of high performance Wi-Fi solutions.
This action stems from a proposed transaction announced on March 27, 2019, pursuant to which Quantenna will be acquired by ON Semiconductor Corporation. Pursuant to the terms of the Merger Agreement, Quantenna’s stockholders will receive $24.50 in cash for each share of Quantenna common stock they own.
On May 3, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on June 12, 2019.
Company & Securities Information
Defendant: Quantenna Communications, Inc.
Headquarters: United States
Ticker Symbol: QTNA
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
Earl M Wheby, Jr., et al. v. Quantenna Communications, Inc., et al.