On or around 03/30/2020 (Notice of voluntarily dismissal)
Filing Date: February 10, 2020
According to the Complaint, CSS Industries, Inc. is a creative consumer products company focused on the craft, gift, and seasonal categories.
This action stems from a proposed transaction announced on January 20, 2020, pursuant to which CSS Industries, Inc. will be acquired by IG Design Group Americas, Inc.
On January 20, 2020, CSS’s Board of Directors caused the Company to enter into an agreement and plan of merger with IG Design.
On January 31, 2020, 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 March 30, 2020.
Company & Securities Information
Defendant: CSS Industries, Inc.
Sector: Consumer Cyclical
Headquarters: United States
Ticker Symbol: CSS
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. CSS Industries, Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00192
JUDGE: Hon. Richard G. Andrews
DATE FILED: 02/10/2020
CLASS PERIOD START: 01/20/2020
CLASS PERIOD END: 02/10/2020
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