Varian Medical Systems, Inc. Securities Litigation
On or around 10/06/2020 (Notice of voluntarily dismissal)
Filing Date: September 03, 2020
According to the Complaint, Varian Medical Systems, Inc. delivers innovative cancer care technologies and solutions for the Company’s clinical partners around the globe to help them treat millions of patients each year.
This action stems from a proposed transaction announced on August 2, 2020, pursuant to which Varian Medical Systems, Inc. will be acquired by affiliates of Siemens Healthineers AG.
On August 2, 2020, Varian’s Board of Directors caused the Company to enter into an agreement and plan of merger with Siemens Healthineers Holding I GmbH. Pursuant to the terms of the Merger Agreement, Varian’s stockholders will receive $177.50 in cash for each share of Varian common stock they own.
On August 28, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. 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 6, 2020.
Company & Securities Information
Defendant: Varian Medical Systems, Inc.
Industry: Medical Equipment & Supplies
Headquarters: United States
Ticker Symbol: VAR
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
Michael Kent, et al. v. Varian Medical Systems, Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-01178
JUDGE: Hon. Richard G. Andrews
DATE FILED: 09/03/2020
CLASS PERIOD START: 08/02/2020
CLASS PERIOD END: 09/03/2020
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