Del Frisco's Restaurant Group, Inc. Securities Litigation
On or around 07/26/2019 (Ongoing date of last review)
Filing Date: July 25, 2019
According to the Complaint, Del Frisco’s is a collection of seventy-eight restaurants across seventeen states and Washington, D.C., including Del Frisco’s Double Eagle Steakhouse, Del Frisco’s Grille, Barcelona Wine Bar, and bartaco.
This action stems from a proposed transaction announced on June 24, 2019, pursuant to which Del Frisco’s Restaurant Group, Inc. will be acquired by L Catterton.
On June 23, 2019, Del Frisco’s Board of Directors caused the Company to enter into an agreement and plan of merger with L Catterton. Pursuant to the terms of the Merger Agreement, Del Frisco’s stockholders will receive $8.00 in cash for each share of Del Frisco’s common stock they own.
On July 23, 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: Del Frisco's Restaurant Group, Inc.
Headquarters: United States
Ticker Symbol: DFRG
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.
First Identified Complaint
Eric Sabatini, et al. v. Del Frisco's Restaurant Group, Inc., et al.