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Jernigan Capital, Inc.

Case Summary

Jernigan Capital, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 08/28/2020 (Date of last review)

Filing Date: August 27, 2020

According to the Complaint, this action stems from a proposed transaction announced on August 3, 2020 (the “Proposed Transaction”), pursuant to which Jernigan Capital, Inc. (“Jernigan” or the “Company”) will be acquired by affiliates of NexPoint Advisors, L.P.

On August 3, 2020, Jernigan’s Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Jernigan Capital Operating Company, LLC, NexPoint RE Merger, Inc., and NexPoint RE Merger OP, LLC. Pursuant to the terms of the Merger Agreement, Jernigan’s stockholders will receive $17.30 in cash for each share of Jernigan common stock they own.

On August 20, 2020, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

Company & Securities Information

Defendant: Jernigan Capital, Inc.

COMPANY INFORMATION:

Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: JCAP
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

Jordan Rosenblatt, et al. v. Jernigan Capital, Inc., et al.

COURT: D. Delaware
DOCKET #: 20-CV-01141
JUDGE: Hon. Richard G. Andrews
DATE FILED: 08/27/2020
CLASS PERIOD START: 08/03/2020
CLASS PERIOD END: 08/27/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 08/27/2020
2 U.S. District Court Civil Docket 08/28/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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