According to the Complaint, William Lyon Homes is one of the largest Western United States regional homebuilders.

This action stems from a proposed transaction announced on November 6, 2019, pursuant to which William Lyon Homes will be acquired by Taylor Morrison Home Corporation.

On November 5, 2019, William Lyon’s Board of Directors caused the Company to enter into an agreement and plan of merger with Taylor Morrison. Pursuant to the terms of the Merger Agreement, William Lyon’s stockholders will receive 0.800 shares of Parent common stock and $2.50 in cash for each share of William Lyon common stock they own.

On December 6, 2019, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

This case was voluntarily dismissed on January 29, 2020.