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Wright Medical Group N.V.

Case Summary

Wright Medical Group N.V. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 09/23/2020 (Other)

Filing Date: January 15, 2020

According to the Complaint, Wright Medical Group N.V. is a recognized leader of surgical solutions for the upper extremity, lower extremity, and biologics markets, three of the fastest growing segments in orthopedics.

This action stems from a proposed transaction announced on November 4, 2019, pursuant to which Wright Medical Group N.V. will be acquired by Stryker Corporation.

On November 4, 2019, Wright Medical’s Board of Directors caused the Company to enter into an agreement and plan of merger with Stryker. Pursuant to the terms of the Merger Agreement, Stryker commenced a tender offer to purchase all of Wright Medical’s outstanding common stock for $30.75 per share in cash. The Tender Offer is set to expire on February 27,2020.

On December 13, 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 September 22, 2020.

Company & Securities Information

Defendant: Wright Medical Group N.V.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: Netherlands

SECURITIES INFORMATION:

Ticker Symbol: WMGI
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

John Thompson, et al. v. Wright Medical Group N.V., et al.

COURT: D. Delaware
DOCKET #: 20-CV-00061
JUDGE: Hon. Richard G. Andrews
DATE FILED: 01/15/2020
CLASS PERIOD START: 11/04/2019
CLASS PERIOD END: 01/15/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 01/15/2020
2 Plaintiff's Notice of Voluntary Dismissal 09/22/2020
3 U.S. District Court Civil Docket 09/23/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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