On or around 10/04/2019 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: August 21, 2019
According to the Complaint, Genesee & Wyoming Inc. ("G&W" or the "Company") owns or leases 120 freight railroads worldwide that are organized into operating regions. The North American regions serve 41 U.S. states and four Canadian provinces. G&W’s Australian Region serves New South Wales, the Northern Territory and South Australia. The Company’s U.K./European Region includes the United Kingdom’s largest rail maritime intermodal operator and the second-largest freight rail provider, as well as regional rail services in Continental Europe.
On July 1, 2019, the Board caused the Company to enter into an agreement and plan of merger, pursuant to which the Company’s shareholders stand to receive $112 in cash for each share of G&W stock they own (the “Merger Consideration”), in connection with the proposed merger between G&W and Brookfield Infrastructure, GIC, and Brookfield Infrastructure’s institutional partners (collectively, the “Consortium”).
The Complaint alleges that on August 5, 2019, in order to convince G&W shareholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading Form PREM14A Preliminary Proxy Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed on October 4, 2019.
Company & Securities Information
Defendant: Genesee & Wyoming Inc.
Headquarters: United States
Ticker Symbol: GWR
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
David Gordon, et al. v. Genesee & Wyoming Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01558
JUDGE: Hon. Maryellen Noreika
DATE FILED: 08/21/2019
CLASS PERIOD START: 07/01/2019
CLASS PERIOD END: 08/21/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Faruqi & Faruqi LLP (Wilmington)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Sections 14(a) and 20(a) 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