Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 07/23/2019 (Ongoing date of last review)

Filing Date: July 23, 2019

According to the Complaint, Sotheby’s has been uniting collectors with world-class works of art since 1744.

This action stems from a proposed transaction announced on June 17, 2019, pursuant to which Sotheby’s will be acquired by BidFair USA LLC.

On June 16, 2019, Sotheby’s Board of Directors caused the Company to enter into an agreement and plan of merger with BidFair. Pursuant to the terms of the Merger Agreement, Sotheby’s stockholders will receive $57.00 in cash for each share of Sotheby’s common stock they own.

On July 12, 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 INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BID
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.
COURT: D. Delaware
DOCKET #: 19-CV-01374
JUDGE: Hon. Maryellen Noreika
DATE FILED: 07/23/2019
CLASS PERIOD START: 06/17/2019
CLASS PERIOD END: 07/23/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  2. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available