On or around 05/21/2019 (Ongoing date of last review)
Filing Date: May 20, 2019
According to the Complaint, Smart & Final is engaged primarily in the business of selling fresh perishables and grocery items, together with foodservice, packaging, and janitorial products.
This action stems from a proposed transaction announced on April 16, 2019, pursuant to which Smart & Final Stores, Inc. will be acquired by affiliates of Apollo Global Management, LLC.
On May 14, 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.
Company & Securities Information
Defendant: Smart & Final Stores, Inc.
Industry: Retail (Grocery)
Headquarters: United States
Ticker Symbol: SFS
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.
First Identified Complaint
Anthony Franchi, et al. v. Smart & Final Stores, Inc., et al.