On or around 05/29/2020 (Notice of voluntarily dismissal)
Filing Date: April 09, 2020
According to the Complaint, FGL Holdings, through its subsidiaries, is a leading provider of annuity and life insurance products.
This action stems from a proposed transaction announced on February 7, 2020, pursuant to which FGL Holdings will be acquired by Fidelity National Financial, Inc.
On February 7, 2020, FGL’s Board of Directors caused the Company to enter into an agreement and plan of merger with Fidelity National. Pursuant to the terms of the Merger Agreement, FGL’s stockholders will receive either $12.50 in cash or 0.2558 shares of Parent common stock for each share of FGL common stock they own.
On April 1, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading. Specifically, the Complaint alleges that the Registration Statement fails to disclose: (i) all line items used to calculate Adjusted Operating Income Available to Common Shareholders; and (ii) a reconciliation of all non-GAAP to GAAP metrics.
This case was voluntarily dismissed on May 29, 2020.
Company & Securities Information
Defendant: FGL Holdings
Industry: Insurance (Life)
Headquarters: Cayman Islands
Ticker Symbol: FG
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
Eric Sabatini, et al. v. FGL Holdings, et al.
COURT: D. Delaware
DOCKET #: 20-CV-00495
JUDGE: Hon. Colm F. Connolly
DATE FILED: 04/09/2020
CLASS PERIOD START: 02/07/2020
CLASS PERIOD END: 04/09/2020
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
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available