Processing your request


please wait...

Case Page

 

Case Status:    DISMISSED    
On or around 08/27/2019 (Notice of voluntarily dismissal)

Filing Date: June 20, 2019

According to the Complaint, Control4 is a leading global provider of automation and networking systems for homes and businesses, offering personalized control of lighting, music, video, comfort, security, and communications into a unified smart home system.

This action stems from a proposed transaction announced on May 9, 2019, pursuant to which Control4 Corporation
will be acquired by affiliates of SnapAV.

On May 8, 2019, Control4’s Board of Directors caused the Company to enter into an agreement and plan of merger with Wirepath Home Systems, LLC (“Parent”) and Copper Merger Sub, Inc. (“Merger Sub”). Pursuant to the terms of the Merger Agreement, Control4’s stockholders will receive $23.91 in cash for each share of Control4 common stock they own.

On June 7, 2019, Defendants filed a proxy statement with the United States SEC 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 August 27, 2019.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CTRL
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.
COURT: D. Delaware
DOCKET #: 19-CV-01149
JUDGE: Hon. Maryellen Noreika
DATE FILED: 06/20/2019
CLASS PERIOD START: 05/09/2019
CLASS PERIOD END: 06/20/2019
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