Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 01/08/2020 (Date of last review)

Filing Date: January 02, 2020

According to the Complaint, ArQule, Inc. is a biopharmaceutical company engaged in the research and development of targeted therapeutics to treat cancers and rare diseases.

This action stems from a proposed transaction announced on December 9, 2019, pursuant to which ArQule, Inc. will be acquired by affiliates of Merck & Co., Inc.

On December 6, 2019, ArQule’s Board of Directorscaused the Company to enter into an agreement and plan of merger with Merck Sharp & Dohme Corp.

On December 17, 2019, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ARQL
Company Market: NASDAQ
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-02383
JUDGE: Hon. Leonard P. Stark
DATE FILED: 01/02/2020
CLASS PERIOD START: 12/09/2019
CLASS PERIOD END: 01/02/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  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