Oaktree Capital Group, LLC Securities Litigation

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Lawsuit Overview

Defendant:Oaktree Capital Group, LLC
Date Filed:July 3rd, 2019
Sector:Finance
Industry:Investment Managers

According to the Complaint, Oaktree is an American global asset management firm specializing in alternative investment strategies. It is the largest distressed securities investor in the world, as well as one of the largest credit investors in the world.

On March 13, 2019, Oaktree issued a press release announcing the Proposed Transaction, the proposed merger of Oaktree with Brookfield Asset Management, Inc.

On March 13, 2019, Oaktree entered into an Agreement and Plan of Merger with Brookfield. Pursuant to the terms of the Merger Agreement, Brookfield will acquire approximately 62% of the Oaktree business. Brookfield will acquire all outstanding Oaktree Class A units for, at the election of Oaktree Class A unitholders, either $49.00 in cash or 1.0770 Class A shares of Brookfield per unit.

The Complaint alleges that on June 20, 2019, in order to convince Oaktree's unitholders to vote in favor of the
Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading
proxy statement on Form DEFM14A with the SEC.

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First Identified Complaint

David Ganeles, et al. v. Oaktree Capital Group, LLC, et al.

Date Filed:July 3rd, 2019
Class Period Start:March 13th, 2019
Class Period End:July 3rd, 2019
First Identified Complaint Filings
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