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Securities

NeuStar Name and Background

Technology company NeuStar is the Local Number Portability Administrator (LNPA), managing the Number Portability Administration Center (NPAC), which allows consumers to keep the same telephone number even when they switch providers. However, in 2015, the Federal Communications Commission (FCC) chose another company, Telcordia, to be the sole LNPA in the US. The change naturally affects the value of NeuStar, and the probable date of transition is very much at issue in this case. The complaint alleges that the Proxy Statement for the merger of NeuStar with Gold Gate Equity omits information and hides conflicts of interest that it claims resulted in the sale of NeuStar at only $33.50 per share rather than a more accurate valuation of $42 per share.

J.Jill Catalog Image

J.Jill sells clothing and accessories for women ages 40-65 and it has a “loyal, engaged, and affluent” customer following, but according to the complaint for this class action, the information provided in the Registration Statement for its March 2017 IPO was insufficient to provide investors with a true picture of the company’s prospects. The complaint claims that the omissions from the Registration Statement amount to violations of the Securities Act of 1933.

Hawaiian Telecom Building

On July 10, 2017 a proposed transaction was announced, under which Hawaiian Telcom Holdco, Inc. would be acquired by Cincinnati Bell, Inc. and Twin Acquisition Corp. However, the complaint for this class action alleges that the Form S-4 Registration Statement filed with the Securities and Exchange Commission (SEC) omits material information relating to the bases for opinions and conclusions, to the point where the document is false and misleading, in violation of the Securities Exchange Act of 1934.

Bear State Financial Bear Logo

On August 22, 2017, a proposed transaction was announced, in which Bear State Financial and Bear State Bank would merge with Arvest Bank and Arvest Acquisition Sub, Inc. On September 25, 2017, a Preliminary Proxy Statement for the transaction was filed with the Securities and Exchange Commission (SEC). However, the complaint for this transaction alleges that the Proxy Statement omits material information about the proposed transaction that makes it false and misleading, thereby violating the Securities Exchange Act of 1934.

Brokerprice Logo

Brokerpriceopinion.com, Inc., First Valuation, LLC, First Valuation Services, LLC, First Valuation Technology, LLC, Cartel Asset Management, LLC, Walter Coats, and ValuTech, Inc. have agreed to a settlement allotting over a million dollars to pay brokers who completed broker price opinions on their behalf but were not paid in accordance with their agreements.

The complaint for this class action alleges that InvenSense concealed the adverse effects the company would experience as a result of its agreement with Apple to supply sensors for the iPhone 6 and iPhone 6 Plus at heavily discounted prices.

The complaint alleges that during the Class Period, the defendants made false and misleading statements or failed to disclose adverse information about Five Below’s business and prospects. 

This securities class action alleges that Dawson Geophysical Company (DWSN), its board, and TGC, Inc. breached their duties in connection with their attempt to consummate a merger pursuant to an unfair process and for an unfair price. The complaint alleges that the merger agreement includes an unfair share-replacement arrangement and a misleading S-4 filing.

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