InfraREIT Inc. Securities Litigation

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Lawsuit Overview

Defendant:InfraREIT, Inc.
Date Filed:January 17th, 2019
Sector:Consumer Services
Industry:Real Estate Investment Trusts

According to the Complaint, InfraREIT Inc. ("InfraREIT" or the "Company") owns and leases rate-regulated electric transmission assets in Texas.

On October 18, 2018, InfraREIT issued a press release announcing the Proposed Transaction, pursuant to which InfraREIT will be acquired by Oncor Electric Delivery Company LLC.

On January 4, 2019, InfraREIT filed a Definitive Proxy Statement on Schedule 14A (the "Proxy Statement") with the SEC. The Complaint alleges that the Proxy Statement, which recommends that InfraREIT stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) InfraREIT's financial projections relied upon by the Company's financial advisor in its analyses; (ii) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by the Company's financial advisor; (iii) the background process leading to the Proposed Transaction; and (iv) potential conflicts of interest faced by the Company's financial advisor.

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First Identified Complaint

Stephen Bushansky, et al. v. InfraREIT Inc., et al.

Date Filed:January 17th, 2019
Class Period Start:October 18th, 2018
Class Period End:January 17th, 2019
First Identified Complaint Filings
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