Central European Media Enterprises Ltd. Securities Litigation
On or around 04/27/2020 (Notice of voluntarily dismissal)
Filing Date: January 21, 2020
This action stems from a proposed transaction announced on October 27, 2019, pursuant to which Central European Media Enterprises Ltd. will be acquired by affiliates of PPF Group N.V.
On October 27, 2019, Central European Media’s Board of Directors caused the Company to enter into an agreement and plan of merger with TV Bidco B.V. (“Parent”) and TV Bermuda Ltd. (“Merger Sub,” and together with Parent, “TV”). Pursuant to the terms of the Merger Agreement, Central European Media’s stockholders will receive $4.58 in cash for each share of Central European Media common stock they own.
On January 10, 2020, defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for February 27, 2020. 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 April 24, 2020.
Company & Securities Information
Defendant: Central European Media Enterprises Ltd.
Industry: Broadcasting & Cable TV
Ticker Symbol: CETV
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
Eric Sabatini, et al. v. Central European Media Enterprises Ltd., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00087
JUDGE: Hon. Richard G. Andrews
DATE FILED: 01/21/2020
CLASS PERIOD START: 10/27/2019
CLASS PERIOD END: 01/21/2020
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
Plaintiff's Notice of Voluntary Dismissal
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