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Case Status:    DISMISSED    
On or around 05/15/2020 (Notice of voluntarily dismissal)

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.

This case was voluntarily dismissed on May 15, 2020.


Sector: Financial
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.
COURT: D. Delaware
DOCKET #: 19-CV-02266
JUDGE: Hon. Colm F. Connolly
DATE FILED: 12/12/2019
CLASS PERIOD END: 12/12/2019
  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