On or around 03/24/2020 (Notice of voluntarily dismissal)
Filing Date: December 18, 2019
According to the Complaint, Aircastle acquires, leases, and sells commercial jet aircraft to airlines throughout the world.
This action stems from a proposed transaction announced on November 6, 2019, pursuant to which Aircastle Limited will be acquired by newly-formed entities controlled by affiliates of Marubeni Corporation. Marubeni and its affiliates own approximately 28.8% of the outstanding common shares of the Company.
On November 5, 2019, Aircastle’s Board of Directors caused the Company to enter into an agreement and plan of merger with MM Air Limited and MM Air Merger Sub Limited. Pursuant to the terms of the Merger Agreement, Aircastle’s stockholders will receive $32.00 in cash for each share of Aircastle 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 March 24, 2020.
Company & Securities Information
Defendant: Aircastle Limited
Industry: Rental & Leasing
Headquarters: United States
Ticker Symbol: AYR
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
Jordan Rosenblatt, et al. v. Aircastle Limited, et al.
COURT: D. Delaware
DOCKET #: 19-CV-02295
JUDGE: Hon. Richard G. Andrews
DATE FILED: 12/18/2019
CLASS PERIOD START: 11/06/2019
CLASS PERIOD END: 12/18/2019
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