On or around 09/04/2019 (Notice of voluntarily dismissal)
Filing Date: June 25, 2019
According to the Complaint, Chesapeake Lodging Trust is a self-advised lodging real estate investment trust focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.
This action stems from a proposed transaction announced on May 6, 2019, pursuant to which Chesapeake Lodging Trust will be acquired by Park Hotel & Resorts Inc.
On May 5, 2019, Chesapeake’s Board of Trustees caused the Company to enter into an agreement and plan of merger with Park. Pursuant to the terms of the Merger Agreement, Chesapeake stockholders will receive $11.00 in cash and 0.628 shares of Park common stock for each share of Chesapeake common stock they own.
On June 14, 2019, Defendants filed a registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. 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 September 4, 2019.
Company & Securities Information
Defendant: Chesapeake Lodging Trust
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: CHSP
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Michael Kent, et al. v. Chesapeake Lodging Trust, et al.
COURT: D. Delaware
DOCKET #: 19-CV-01201
JUDGE: Hon. Colm F. Connolly
DATE FILED: 06/25/2019
CLASS PERIOD START: 05/06/2019
CLASS PERIOD END: 06/25/2019
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
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available