On or around 10/28/2019 (Date of last review)
Filing Date: October 28, 2019
According to the Complaint, Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.
This action stems from a proposed transaction announced on September 23, 2019, pursuant to which Arotech Corporation will be acquired by Argonaut Intermediate, Inc., an affiliate of Greenbriar Equity Group, L.P.
On September 22, 2019, Arotech’s Board of Directors caused the Company to enter into an agreement and plan of merger with Argonaut. Pursuant to the terms of the Merger Agreement, Arotech’s stockholders will receive $3.00 in cash for each share of Arotech common stock they own.
On October 23, 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.
Company & Securities Information
Defendant: Arotech Corporation
Sector: Capital Goods
Industry: Constr. & Agric. Machinery
Headquarters: United States
Ticker Symbol: ARTX
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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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
Eric Sabatini, et al. v. Arotech Corporation, et al.
COURT: D. Delaware
DOCKET #: 19-CV-02028
JUDGE: Hon. Richard G. Andrews
DATE FILED: 10/28/2019
CLASS PERIOD START: 09/23/2019
CLASS PERIOD END: 10/28/2019
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
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available