On or around 10/31/2019 (Notice of voluntarily dismissal)
Filing Date: September 17, 2019
According to the Complaint, OMNOVA is a global innovator of performance-enhancing chemistries and surfaces used in products for a variety of commercial, industrial, and residential applications.
This action stems from a proposed transaction announced on July 3, 2019, pursuant to which OMNOVA Solutions Inc. will be acquired by Synthomer plc.
On July 3, 2019, OMNOVA’s Board of Directors caused the Company to enter into an agreement and plan of merger with Synthomer. Pursuant to the terms of the Merger Agreement, OMNOVA’s stockholders will receive $10.15 in cash for each share of OMNOVA common stock they own.
On September 9, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for October 10, 2019.
The Complaint that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on October 31, 2019.
Company & Securities Information
Defendant: OMNOVA Solutions Inc.
Sector: Basic Materials
Industry: Fabricated Plastic & Rubber
Headquarters: United States
Ticker Symbol: OMN
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
John Thompson, et al. v. OMNOVA Solutions Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01748
JUDGE: Hon. Maryellen Noreika
DATE FILED: 09/17/2019
CLASS PERIOD START: 07/03/2019
CLASS PERIOD END: 09/17/2019
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