Cases
FEI Company (NASDAQ : FEIC)
Securities Class Action
Overview
Overview
- Date:
- 9/12/2016
- Company Name:
- FEI Company
- Stock Symbol:
- FEIC
- Class Period:
- FROM 5/26/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Oregon
NEW YORK, September 12, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Oregon District Court on behalf of all persons or entities who held FEI Company (NASDAQ: FEIC) securities on May 26, 2016.
The complaint charges FEI, its Board of Directors, and Thermo Fisher with breaches of fiduciary duty and/or violations of the Securities Exchange Act of 1934. FEI designs, manufactures and supports a broad range of high-performance microscopy workflow solutions that provide images and answers at the micro-, nano- and picometer scales.
On May 27, 2016, FEI and Thermo Fisher announced that they had entered into a definitive merger agreement under which FEI would be acquired by Thermo Fisher. Following a vote of FEI shareholders approving the acquisition, FEI stockholders received $107.50 in cash for each share of FEI common stock held.
The complaint alleges defendants breached their fiduciary duties and/or aided and abetted such breaches and violated state and federal law in connection with the acquisition. Specifically, the complaint alleges that in an attempt to secure shareholder support for the acquisition, on June 24, 2016, defendants issued a materially false and misleading Preliminary Proxy Statement on Schedule 14A. The Proxy, which recommended that FEI shareholders vote in favor of the acquisition, omits and/or misrepresents material information about the unfair sales process for the Company, the unfair consideration offered in the acquisition, and the actual intrinsic value of the Company on a standalone basis and as a merger partner for Thermo Fisher in contravention of §§14(a) and 20(a) of the 1934 Act and/or defendants' fiduciary duty of disclosure under state law.
Plaintiff seeks injunctive relief on behalf of holders of FEI common stock on May 26, 2016. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud.
If you held FEI 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.
The complaint charges FEI, its Board of Directors, and Thermo Fisher with breaches of fiduciary duty and/or violations of the Securities Exchange Act of 1934. FEI designs, manufactures and supports a broad range of high-performance microscopy workflow solutions that provide images and answers at the micro-, nano- and picometer scales.
On May 27, 2016, FEI and Thermo Fisher announced that they had entered into a definitive merger agreement under which FEI would be acquired by Thermo Fisher. Following a vote of FEI shareholders approving the acquisition, FEI stockholders received $107.50 in cash for each share of FEI common stock held.
The complaint alleges defendants breached their fiduciary duties and/or aided and abetted such breaches and violated state and federal law in connection with the acquisition. Specifically, the complaint alleges that in an attempt to secure shareholder support for the acquisition, on June 24, 2016, defendants issued a materially false and misleading Preliminary Proxy Statement on Schedule 14A. The Proxy, which recommended that FEI shareholders vote in favor of the acquisition, omits and/or misrepresents material information about the unfair sales process for the Company, the unfair consideration offered in the acquisition, and the actual intrinsic value of the Company on a standalone basis and as a merger partner for Thermo Fisher in contravention of §§14(a) and 20(a) of the 1934 Act and/or defendants' fiduciary duty of disclosure under state law.
Plaintiff seeks injunctive relief on behalf of holders of FEI common stock on May 26, 2016. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud.
If you held FEI 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.