Cases
American DG Energy, Inc. (NYSE: ADGE)
Securities Class Action
Overview
Overview
- Date:
- 2/23/2017
- Company Name:
- American DG Energy, Inc.
- Stock Symbol:
- ADGE
- Class Period:
- FROM 2/15/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Massachusetts
NEW YORK, February 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of all persons or entities who held American DG Energy, Inc. (NYSE: ADGE) securities on February 15, 2017 (the “Class Period”).
On November 2, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Tecogen Inc. will acquire American DG in a deal. As a result of the merger, American DG shareholders are only anticipated to receive 0.092 TGEN shares for each share of American DG common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held American DG securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 2, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Tecogen Inc. will acquire American DG in a deal. As a result of the merger, American DG shareholders are only anticipated to receive 0.092 TGEN shares for each share of American DG common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held American DG securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.