On or around 02/25/2020 (Notice of voluntarily dismissal)
Filing Date: January 07, 2020
According to the Complaint, Kemet Corporation is a leading global supplier of high-end electronic components with a global footprint that includes twenty-three manufacturing facilities and approximately 14,000 employees located in twenty-two countries in the Americas, Asia, and Europe.
This action stems from a proposed transaction announced on November 11, 2019, pursuant to which Kemet Corporation will be acquired by Yageo Corporation.
On November 11, 2019, Kemet’s Board of Directors caused the Company to enter into an agreement and plan of merger with Yageo. Pursuant to the terms of the Merger Agreement, Kemet’s stockholders will receive $27.20 in cash for each share of Kemet common stock they own.
On December 26, 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 24, 2020.
Company & Securities Information
Defendant: Kemet Corporation
Industry: Electronic Instruments & Controls
Headquarters: United States
Ticker Symbol: KEM
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. Kemet Corporation, et al.
COURT: D. Delaware
DOCKET #: 20-CV-00023
JUDGE: Hon. Maryellen Noreika
DATE FILED: 01/07/2020
CLASS PERIOD START: 11/11/2019
CLASS PERIOD END: 01/07/2020
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
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available