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Case Status:    DISMISSED    
On or around 06/21/2019 (Notice of voluntarily dismissal)

Filing Date: June 04, 2019

According to the Complaint, HomeFed is a developer and owner of residential and mixed-use real estate projects in California, Virginia, South Carolina, Florida, Maine, and New York.

This action stems from a proposed transaction announced on April 15, 2019, pursuant to which HomeFed Corporation will be acquired by Jefferies Financial Group Inc.

On April 12, 2019, HomeFed’s Board of Directors caused the Company to enter into an agreement and plan of merger with Jefferies, which was amended on May 2, 2019. Pursuant to the terms of the Merger Agreement, Jefferies will issue two shares of Jefferies common stock for each share of HomeFed common stock to be acquired by Jefferies.

On May 17, 2019, Defendants filed a registration statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for June 28, 2019. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

This case was voluntarily dismissed on June 21, 2019.

COMPANY INFORMATION:

Sector: Services
Industry: Real Estate Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HOFD
Company Market: OTC-BB
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.
COURT: D. Delaware
DOCKET #: 19-CV-01039
JUDGE: Hon. Leonard P. Stark
DATE FILED: 06/04/2019
CLASS PERIOD START: 04/15/2019
CLASS PERIOD END: 06/04/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available