Pershing Square Capital Management, L.P. : Allergan, Inc. Derivative Securities Litigation

This action stems from the illicit insider trading and front-running scheme that caused billions of dollars in damages. During the Class Period, Pershing Square Capital Management, L.P., PS Management GP, LLC, William Ackman, PS Fund 1, LLC ("PS Fund 1"), Pershing Square, L.P., Pershing Square II, L.P., Pershing Square GP, LLC , Pershing Square International and Pershing Square Holdings, Ltd. (collectively, "Pershing"), through a funding vehicle named PS Fund 1 purchased over 14 million Allergan shares at prices as low as $117.91 per share for a total cost of approximately $2 billion. Pershing's purchases were based upon inside information concerning Valeant Pharmaceuticals International, Inc.'s ("Valeant") plans to launch a hostile takeover and tender offer for Allergan, and allowed Pershing to reap enormous profits at the expense of Plaintiff and other members of the Class.

See Case Details »

Gas Natural Inc. Securities Litigation

On October 8, 2016, the Company entered into an agreement and plan of merger, to be acquired by FR Bison Holdings, Inc. ("Parent") through its wholly-owned subsidiary, FR Bison Merger Sub, Inc. ("Merger Sub"). Parent and Merger Sub are affiliates of First Reserve Energy Infrastructure Fund II, L.P. (First Reserve) and were formed by First Reserve in order to acquire the Company. Subject to the terms and conditions of the merger agreement, Merger Sub will merge with and into the Company and theCompany will continue as the surviving corporation and a wholly-owned subsidiary of Parent. Shareholders will receive $13.10 in cash without interest and less any applicable withholding taxes, for each share of common stock, $0.15 par value per share, of the Company that they own immediately prior to the effective time of the merger.

See Case Details »

Genworth Financial Incorporated Securities Litigation

According to the Complaint, on October 23, 2016, Genworth and China Oceanwide announced that they had reached a definitive Agreement and Plan of Merger ("Merger Agreement") whereby Merger Sub will merge with and into Genworth, with Genworth continuing on as the surviving corporation. Pursuant to the Merger, each issued and outstanding share of Genworth common stock will be cancelled and automatically converted into the right to receive $5.43 in cash ("Merger Consideration"). The Proposed Transaction is valued at approximately $2.7 billion.

See Case Details »

Yahoo Inc. Securities Litigation (2017)

According to the law firm press release, Yahoo, together with its subsidiaries, is a multinational technology company that provides a variety of internet services, including a web portal, search engine, Yahoo! Mail, Yahoo! News, Yahoo! Finance, advertising, and fantasy sports. As of February 2016, Yahoo had an estimated 1 billion monthly active users, roughly 280 million Yahoo! Mail users, and 205 million monthly unique visitors to its sites and services.

See Case Details »

Northstar Asset Management Group, Inc. Securities Litigation

According to a law firm press release, the complaint alleges despite NorthStar being well-positioned to generate significant earnings in the foreseeable future, the company's board has agreed to combine NorthStar with two weaker entities. Pursuant to the terms of the definitive merger agreement, NorthStar common stockholders will receive one share of their respective class of stock in the post-merger combined company, Colony NorthStar, Inc. The complaint alleges that the merger consideration is unfair to NorthStar common stockholders because they receive no premium for their shares. If the transaction is completed, NorthStar's executives will receive significant amounts in executive compensation.

See Case Details »