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Case Status:    ONGOING    
On or around 08/28/2019 (Ongoing date of last review)

Filing Date: August 20, 2019

According to the Complaint, Tower is a leading manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers.

This action stems from a proposed transaction announced on July 12, 2019, pursuant to which Tower will be acquired by Autokiniton US Holdings, Inc.

On July 12, 2019, Tower’s Board of Directors caused the Company to enter into an agreement and plan of merger with Autokiniton.

On August 15, 2019, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TOWR
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-01549
JUDGE: Hon. Leonard P. Stark
DATE FILED: 08/20/2019
CLASS PERIOD START: 07/12/2019
CLASS PERIOD END: 08/20/2019
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