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Case Status:    DISMISSED    
On or around 10/08/2020 (Notice of voluntarily dismissal)

Filing Date: July 14, 2020

According to the Complaint, AgroFresh Solutions, Inc. is a leading global innovator and provider of science-based solutions, data-driven technologies, and experience-backed services to enhance the quality and extend the shelf life of fresh produce.

On June 13, 2020, AgroFresh Solutions, Inc.’s Board of Directors (the “Board” or “Individual Defendants”) caused AgroFresh to enter into an Investment Agreement (the “Agreement”) with PSP AGFS Holdings, L.P. (the “Investor”), an affiliate of Paine Schwartz Partners, LLC. Pursuant to the terms of the Agreement, among other things, the Investor will purchase an aggregate of $150,000,000 of new preferred stock of the Company (the “Proposed Transaction”).

On July 6, 2020, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission, which recommends that AgroFresh’s stockholders vote to approve the issuance of shares pursuant to the Agreement at a stockholder meeting scheduled for August 6, 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 October 8, 2020.


Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States


Ticker Symbol: AGFS
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.
COURT: D. Delaware
DOCKET #: 20-CV-00946
JUDGE: Hon. Colm F. Connolly
DATE FILED: 07/14/2020
CLASS PERIOD END: 07/14/2020
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available