Marathon Petroleum Did Not Pay Full Bonuses After Merger Class Action

This class action concerns the merger of Marathon Petroleum Company, LP with Andeavor, LLC. The complaint alleges that Marathon promised certain bonuses to Andeavor employees who were terminated without cause after the merger, but the complaint claims that Marathon has not paid the bonuses.  Read more

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CafePress Unfair Merger Agreement and Tender Offer Class Action

CafePress, Inc.(NASDAQ: PRSS)has concluded a merger agreement under which it would become a subsidiary of Snapfish, LLC. But the complaint for this class action alleges that the terms of the merger agreement and tender offer are not in the interests of CafePress shareholders. Instead, it says, CafePress’s board of directors has been influenced by terms  Read more

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Bay Bancorp Merger Misleading Registration Statement Securities Class Action

Bay Bancorp, Inc. has entered into a merger agreement under which it would be acquired by Old Line Bancshares, Inc., but the complaint for this class action alleges a large number of material omissions from the Form S-4 Registration Statement filed by the company with the Securities and Exchange Commission (SEC). These omissions, it says,  Read more

Impax Labs Misleading Registration Statement Securities Class Action

On October 17, 2017, Impax Laboratories, Inc. entered into a complex merger agreement with Amneal Pharmaceuticals, but the complaint for this class action says that the Registration Statement for the transaction is deficient and violates Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. The omissions include the bases for financial projections and  Read more

MGC Diagnostics Solicitation Statement for Tender Offer Securities Class Action

On December 7, 2017, MGC Diagnostics Corporation filed a Solicitation/Recommendation Statement with the Securities and Exchange Commission (SEC) for a proposed transaction in which Altus Capital Partners, Inc. would execute a merger with MGC through a tender offer. But the complaint for this class action alleges that the Solicitation Statement omits material information required for  Read more

MaxPoint Merger Solicitation Statement Omissions Securities Class Action

MaxPoint, Inc. entered into a tender-offer-based merger agreement with Valassis Communications, Inc. and its affiliates on August 27, 2017. The complaint for this class action is concerned about the tightness of the agreement coupled with the omission of information in the company’s filings with the Securities and Exchange Commission (SEC), which it claims violate Sections  Read more

Westar Energy and Great Plains Energy Merger S-4 Omits Information Class Action

The original plan for Westar Energy, Inc. to merge with Great Plains Energy Incorporated was rejected by the Kansas Corporation Commission. The new proposal for the merger of the two businesses is more complex, involving two transactions and a newly-created company, and the complaint for this class action alleges that crucial information is missing from  Read more

Tech Data Misleading Info on Merger Integration Securities Class Action

Tech Data Corporation has been around for a long time—since 1974—as a wholesale distributor of technology products. However, the complaint for this class action alleges that the company had trouble with its recent acquisition of  Technology Solutions and hid the problems instead of disclosing them in its press releases, filings, and conference calls, in violation  Read more

USAmeriBancorp Registration Statement Info Omission Class Action

The Proposed Transaction that USAmeriBancorp negotiated to merge with Valley National Bankcorp says that USAmeriBancorp stockholders will receive 6.1 shares of Valley for each of their shares of USAmeriBancorp, provided that Valley’s stock does not fall below a certain share price. But is this fair? The complaint for this class action claims that it is  Read more

Paragon Commercial Misleading Merger Proxy Omits Info Securities Class Action

On April 27, 2017, Paragon Commercial Corporation announced a proposed transaction under which it would be acquired by TowneBank, with Paragon shareholders receiving 1.720 of Towne common stock for each share of Paragon that they own. But the complaint for this class action claims that the Proxy Statement filed with the Securities and Exchange Commission  Read more