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Case Status:    DISMISSED    
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 INFORMATION:

Sector: Transportation
Industry: Railroads
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GWR
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-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:
  1. Faruqi & Faruqi LLP (Wilmington)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available