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Case Status:    ONGOING    
On or around 11/25/2019 (Date of last review)

Filing Date: November 25, 2019

According to the Complaint, Innophos is a leading international producer of essential ingredients.

This action stems from a proposed transaction announced on October 21, 2019, pursuant to which Innophos Holdings, Inc. will be acquired by Iris Parent LLC and Iris Merger Sub 2019, Inc., which are affiliates of One Rock Capital Partners, LLC.

On October 20, 2019, Innophos’s Board of Directors caused the Company to enter into an agreement and plan of merger with One Rock. Pursuant to the terms of the Merger Agreement, Innophos’s stockholders will receive $32.00 in cash for each share of Innophos common stock they own.

On November 14, 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 INFORMATION:

Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IPHS
Company Market: NASDAQ
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.
COURT: D. Delaware
DOCKET #: 19-CV-02193
JUDGE: Hon. Leonard P. Stark
DATE FILED: 11/25/2019
CLASS PERIOD START: 10/21/2019
CLASS PERIOD END: 11/25/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available