Kemet Corporation Securities Litigation

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Lawsuit Overview

Defendant:Kemet Corporation
Date Filed:January 7th, 2020
Sector:Capital Goods
Industry:Electrical Products
Class Start Date:November 11th, 2019
Class End Date:January 7th, 2020

According to the Complaint, Kemet Corporation is a leading global supplier of high-end electronic components with a global footprint that includes twenty-three manufacturing facilities and approximately 14,000 employees located in twenty-two countries in the Americas, Asia, and Europe.

This action stems from a proposed transaction announced on November 11, 2019, pursuant to which Kemet Corporation will be acquired by Yageo Corporation.

On November 11, 2019, Kemet's Board of Directors caused the Company to enter into an agreement and plan of merger with Yageo. Pursuant to the terms of the Merger Agreement, Kemet's stockholders will receive $27.20 in cash for each share of Kemet common stock they own.

On December 26, 2019, 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.

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First Identified Complaint

Jordan Rosenblatt, et al. v. Kemet Corporation, et al.

Date Filed:January 7th, 2020
Class Period Start:November 11th, 2019
Class Period End:January 7th, 2020
First Identified Complaint Filings
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