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Wesco Aircraft Holdings, Inc.

Case Summary

Wesco Aircraft Holdings, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 11/14/2019 (Other)

Filing Date: September 17, 2019

According to the Complaint, Wesco Aircraft Holdings, Inc. is one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry.

This action stems from a proposed transaction announced on August 9, 2019, pursuant to which Wesco will be acquired by Wolverine Intermediate Holding II Corporation.

On August 8, 2019, Wesco’s Board of Directors caused the Company to enter into an agreement and plan of merger with Wolverine. Pursuant to the terms of the Merger Agreement, Wesco’s stockholders will receive $11.05 in cash for each share of Wesco common stock they own.

On September 13, 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 24, 2019. The Complaint alleges 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 November 13, 2019.

Company & Securities Information

Defendant: Wesco Aircraft Holdings, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WAIR
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 Kent, et al. v. Wesco Aircraft Holdings, Inc., et al.

COURT: D. Delaware
DOCKET #: 19-CV-01750
JUDGE: Hon. Maryellen Noreika
DATE FILED: 09/17/2019
CLASS PERIOD START: 08/09/2019
CLASS PERIOD END: 09/17/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 09/17/2019
2 Plaintiff's Notice of Voluntary Dismissal 11/13/2019
3 U.S. District Court Civil Docket 11/14/2019

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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