On or around 09/06/2019 (Notice of voluntarily dismissal)
Filing Date: June 06, 2019
According to the Complaint, Intermolecular is the trusted partner for advanced materials innovation. Advanced materials are at the core of innovation for a wide range of industries including semiconductors, consumer electronics, automotive, and aerospace. The Company has a ten-year track record helping leading companies accelerate and de-risk materials innovation.
This action stems from a proposed transaction announced on May 6, 2019, pursuant to which Intermolecular, Inc. will be acquired by affiliates of Merck KGaA: EMD Group Holding II, Inc.
On May 6, 2019, Intermolecular’s Board of Directors caused the Company to enter into an agreement and plan of merger with Merck. Pursuant to the terms of the Merger Agreement, Intermolecular’s stockholders will receive $1.20 in cash for each share of Intermolecular common stock they own.
On May 28, 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 September 6, 2019.
Company & Securities Information
Defendant: Intermolecular, Inc.
Headquarters: United States
Ticker Symbol: IMI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Adam Franchi, et al. v. Intermolecular, Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01054
JUDGE: Hon. Colm F. Connolly
DATE FILED: 06/06/2019
CLASS PERIOD START: 05/06/2019
CLASS PERIOD END: 06/06/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available