According to the Complaint, Ecology and Environment, Inc. ("Ecology") is an environmental and engineering consulting firm that employs professionals in scientific, engineering, and planning disciplines and works collaboratively with clients to develop technically sound, science-based solutions to environmental challenges.

This action stems from a proposed transaction announced on August 28, 2019, pursuant to which Ecology will be acquired by WSP Global, Inc.

On August 28, 2019, Ecology’s Board of Directors caused the Company to enter into an agreement and plan of merger with WSP. Pursuant to the terms of the Merger Agreement, shareholders of Ecology will receive $15.00 in cash and a special dividend of up to $0.50 for each share of Ecology common stock they own.

On September 26, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. 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 December 16, 2019.