On or around 02/05/2020 (Date of last review)
Filing Date: February 04, 2020
According to the Complaint, AquaVenture Holdings Limited is a multinational provider of WAAS solutions that provide customers a reliable and cost-effective source of clean drinking and processed water primarily under long-term contracts that minimize capital investment by the customer.
This action stems from a proposed transaction announced on December 23, 2019, pursuant to which AquaVenture Holdings Limited will be acquired by Culligan International Company.
On December 23, 2019, AquaVenture’s Board of Directors caused the Company to enter into an agreement and plan of merger with Culligan. Pursuant to the terms of the Merger Agreement, AquaVenture’s stockholders will receive $27.10 in cash for each share of AquaVenture common stock they own.
On January 27, 2020, 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.
Company & Securities Information
Defendant: AquaVenture Holdings Limited
Industry: Water Utilities
Headquarters: British Virgin Islands
Ticker Symbol: WAAS
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
Joseph Post, et al. v. AquaVenture Holdings Limited, et al.
COURT: D. Delaware
DOCKET #: 20-CV-00174
JUDGE: Hon. Maryellen Noreika
DATE FILED: 02/04/2020
CLASS PERIOD START: 12/23/2019
CLASS PERIOD END: 02/04/2020
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