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Phillips v. Costa, Inc. et al
Case Number:
1:13-cv-00747
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 22, 2014
Shareholders Lose Bid To Block $270M Costa Sale
A Rhode Island federal judge on Wednesday shut down a group of shareholders' bid to block the sale of sports sunglasses maker Costa Inc. to a French competitor for $270 million, finding the shareholders hadn't sufficiently shown they would suffer irreparable harm if a vote to approve the sale went forward.
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November 20, 2013
Costa Hit With Shareholder Suit Over $270M Sale To Essilor
Costa Inc. was hit with a proposed class action in Rhode Island federal court on Wednesday, in which a shareholder alleges the extreme-sport sunglass lens maker undervalued its worth in its $270 million sale to eyeglass giant Essilor International SA announced earlier this month.