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Case Status:    DISMISSED    
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.


Sector: Healthcare
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.
COURT: D. Delaware
DOCKET #: 20-CV-01178
JUDGE: Hon. Richard G. Andrews
DATE FILED: 09/03/2020
CLASS PERIOD END: 09/03/2020
  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