On or around 06/10/2019 (Ongoing date of last review)
Filing Date: June 07, 2019
According to the Complaint, Zayo Group Holdings, Inc. provides mission-critical bandwidth to the world’s most impactful companies.
This action stems from a proposed transaction announced on May 8, 2019, pursuant to which Zayo will be acquired by affiliates of Digital Colony Partners and EQT Infrastructure Fund. Pursuant to the terms of the Merger Agreement, Zayo’s stockholders will receive $35.00 in cash for each share of Zayo common stock they own.
On June 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.
Company & Securities Information
Defendant: Zayo Group Holdings, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: ZAYO
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
Richard Scarantino, et al. v. Zayo Group Holdings, Inc., et al.