On or around 12/11/2019 (Notice of voluntarily dismissal)
Filing Date: September 16, 2019
According to the Complaint, Gannett is a digitally focused media and marketing solutions company committed to strengthening communities across its network. The Company’s brands include USA TODAY NETWORK with USA TODAY and more than 100 local media brands, digital marketing services companies ReachLocal, WordStream and SweetIQ, and U.K. media company Newsquest.
This action stems from a proposed transaction announced on August 5, 2019, pursuant to which Gannett Co., Inc. will be acquired by New Media Investment Group Inc.
On August 5, 2019, Gannett’s Board of Directors caused the Company to enter into an agreement and plan of merger with New Media. Pursuant to the terms of the Merger Agreement, Gannett’s stockholders will receive $6.25 in cash and 0.5427 of a share of Parent stock for each share of Gannett common stock they own.
On August 29, 2019, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on December 11, 2019.
Company & Securities Information
Defendant: Gannett Co., Inc.
Industry: Printing & Publishing
Headquarters: United States
Ticker Symbol: GCI
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
Richard Scarantino, et al. v. Gannett Co., Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01740
JUDGE: Hon. Maryellen Noreika
DATE FILED: 09/16/2019
CLASS PERIOD START: 08/05/2019
CLASS PERIOD END: 09/16/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation 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