According to the Complaint, Tiffany & Co. operates more than 300 retail stores worldwide.

This action stems from a proposed transaction announced on November 25, 2019, pursuant to which Tiffany & Co. will be acquired by LVMH Moet Hennessy-Louis Vuitton SE.

On November 24, 2019, Tiffany’s Board of Directors caused the Company to enter into an agreement and plan of merger with LVMH. Pursuant to the terms of the Merger Agreement, Tiffany’s stockholders will receive $135.00 in cash for each share of Tiffany common stock they own.

On December 18, 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 February 12, 2020.