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Case Status:    DISMISSED    
On or around 04/07/2020 (Notice of voluntarily dismissal)

Filing Date: September 13, 2019

According to the Complaint, Castle Brands together with its subsidiaries, develops, markets, imports,and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia.

On August 28, 2019, Castle Brands and Pernod Ricard S.A. issued a press release announcing that Castle Brands had agreed to be acquired by Pernod in the Proposed Transaction.

On September 9, 2019, Castle Brands filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and Exchange Commission in support of the Proposed Transaction.

The Complaint alleges that the 14D-9 is materially deficient and deprives Castle Brands stockholders of the information they need to make an intelligent, informed and rational decision of whether to tender their shares in favor of the Proposed Transaction. Specificially, the Complaint alleges that the 14D-9 omits and/or misrepresents material information concerning, among other things: (a) the Company’s financial projections; (c) the sales process of the Company; and (c) the data and inputs underlying the financial valuation analyses that purport to support the fairness opinions provided by the Company’s financial advisors.

Ths case was voluntarily dismissed on April 7, 2020.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Beverages (Alcoholic)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ROX
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: S.D. New York
DOCKET #: 19-CV-08550
JUDGE: Hon. Edgardo Ramos
DATE FILED: 09/13/2019
CLASS PERIOD START: 08/28/2019
CLASS PERIOD END: 09/13/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brodsky & Smith, LLC (New York)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available