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Case Status:    ONGOING    
On or around 07/21/2020 (Date of last review)

Filing Date: July 17, 2020

According to the Complaint, Sky Solar Holdings, Ltd. is a China-based company incorporated in the Cayman Islands that owns various subsidiaries that operate in the renewable energy business.

This is a securities class action brought on behalf of current holders of Sky Solar’s American Depository Shares, which currently trade on the NASDAQ. This suit is brought against Sky Solar regarding allegedly deficient disclosures in its combined Tender Offer Statement on Schedule TO and Transaction Statement on Schedule 13E-3 (together the “Merger Documents”), filed July 6, 2020.

The Complaint alleges that investors are being asked to tender shares (the “Tender Offer”), to a group that includes affiliates of Sky Solar (the “Offeror Group”) based on materially misleading and incomplete disclosures. If the Offeror Group succeeds in obtaining 90% ownership of Sky Solar through the Tender Offer, the Offeror Group will then conduct a short-form merger to acquire any remaining shares of Sky Solar (the “Merger”).

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: SKYS
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: S.D. New York
DOCKET #: 20-CV-05551
JUDGE: Hon. Lewis J. Liman
DATE FILED: 07/17/2020
CLASS PERIOD START: 07/06/2020
CLASS PERIOD END: 07/17/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available