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

Filing Date: August 28, 2019

According to the Complaint, Speedway Motorsports, Inc. is a leading marketer and promoter of motorsports entertainment in the United States.

This action stems from a proposed transaction announced on July 24, 2019, pursuant to which Speedway will be acquired by Sonic Financial Corporation.

On July 23, 2019, Speedway’s Board of Directors caused the Company to enter into an agreement and plan of merger with Sonic.

On August 16, 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: Services
Industry: Recreational Activities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TRK
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-01597
JUDGE: Hon. Colm F. Connolly
DATE FILED: 08/28/2019
CLASS PERIOD START: 07/24/2019
CLASS PERIOD END: 08/28/2019
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