On or around 01/31/2020 (Notice of voluntarily dismissal)
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.
This case was voluntarily dismissed on January 31, 2020.
Company & Securities Information
Defendant: Arqule Inc.
Industry: Biotechnology & Drugs
Headquarters: United States
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.
First Identified Complaint
George Assad, et al. v. Arqule Inc., et al.
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:
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
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available