On or around 07/24/2019 (Notice of voluntarily dismissal)
Filing Date: July 03, 2019
According to the Complaint, Oaktree is an American global asset management firm specializing in alternative investment strategies. It is the largest distressed securities investor in the world, as well as one of the largest credit investors in the world.
On March 13, 2019, Oaktree issued a press release announcing the Proposed Transaction, the proposed merger of Oaktree with Brookfield Asset Management, Inc.
On March 13, 2019, Oaktree entered into an Agreement and Plan of Merger with Brookfield. Pursuant to the terms of the Merger Agreement, Brookfield will acquire approximately 62% of the Oaktree business. Brookfield will acquire all outstanding Oaktree Class A units for, at the election of Oaktree Class A unitholders, either $49.00 in cash or 1.0770 Class A shares of Brookfield per unit.
The Complaint alleges that on June 20, 2019, in order to convince Oaktree’s unitholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading proxy statement on Form DEFM14A with the SEC.
This case was voluntarily dismissed on July 24, 2019.
Company & Securities Information
Defendant: Oaktree Capital Group, LLC
Industry: Consumer Financial Services
Headquarters: United States
Ticker Symbol: OAK
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
David Ganeles, et al. v. Oaktree Capital Group, LLC, et al.
COURT: S.D. New York
DOCKET #: 19-CV-06231
JUDGE: Hon. Victor Marrero
DATE FILED: 07/03/2019
CLASS PERIOD START: 03/13/2019
CLASS PERIOD END: 07/03/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Lifshitz & Miller
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
Notice of Voluntary Dismissal without Prejudice Pursuant to Fed. R. CIV. P.41(a)
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available