On or around 04/20/2020 (Notice of voluntarily dismissal)
Filing Date: December 05, 2019
According to the Complaint, Cision is a leading global provider of earned media software and services to public relations and marketing communications professionals.
This action stems from a proposed transaction announced on October 22, 2019, pursuant to which Cision Ltd. will be acquired by affiliates of Platinum Equity Advisors, LLC.
On October 22, 2019, Cision’s Board of Directors caused the Company to enter into an agreement and plan of merger with Platinum. Pursuant to the terms of the Merger Agreement, Cision’s stockholders will receive $10.00 in cash for each share of Cision common stock they own.
On December 3, 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 December 19, 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 April 20, 2020.
Company & Securities Information
Defendant: Cision Ltd.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: CISN
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. Cision Ltd., et al.
COURT: D. Delaware
DOCKET #: 19-CV-02229
JUDGE: Hon. Colm F. Connolly
DATE FILED: 12/05/2019
CLASS PERIOD START: 10/22/2019
CLASS PERIOD END: 12/05/2019
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