NorthStar Realty Europe Corp. Securities Litigation
On or around 08/26/2019 (Ongoing date of last review)
Filing Date: August 23, 2019
According to the Complaint, NorthStar Realty Europe Corp. ("NRE" or "the Company") is a publicly traded real estate investment trust focused on European commercial real estate.
On July 3, 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 $17.03 in cash for each share of NRE stock they own, in connection with the proposed merger between NRE and AXA Investment Managers – Real Assets.
The Complaint alleges that on August 1, 2019, in order to convince NRE 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.
Company & Securities Information
Defendant: NorthStar Realty Europe Corp.
Industry: Investment Services
Headquarters: United States
Ticker Symbol: NRE
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.
First Identified Complaint
Michael Schwartz, et al. v. NorthStar Realty Europe Corp., et al.