Ladenburg Thalmann Financial Services Inc. Securities Litigation
On or around 12/12/2019 (Date of last review)
Filing Date: December 12, 2019
According to the Complaint, Ladenburg Thalmann Financial Services Inc. is a diversified financial services company.
This action stems from a proposed transaction announced on November 11, 2019, pursuant to which Ladenburg Thalmann Financial Services Inc. will be acquired by Advisor Group Holdings, Inc.
On November 11, 2019, Ladenburg Thalmann’s Board of Directors caused the Company to enter into an agreement and plan of merger with Advisor Group. Pursuant to the terms of the Merger Agreement, Ladenburg Thalmann’s stockholders will receive $3.50 in cash for each share of Ladenburg Thalmann common stock they own.
On December 6, 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: Ladenburg Thalmann Financial Services Inc.
Industry: Misc. Financial Services
Headquarters: United States
Ticker Symbol: LTS
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
Richard Scarantino, et al. v. Ladenburg Thalmann Financial Services Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-02266
JUDGE: Hon. Colm F. Connolly
DATE FILED: 12/12/2019
CLASS PERIOD START: 11/11/2019
CLASS PERIOD END: 12/12/2019
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