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McNeil v. West Marine, Inc. et al
Case Number:
1:17-cv-01036
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Sectors & Industries:
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August 25, 2017
West Marine Investors Look To Stall Vote On $338M Sale
West Marine Inc. investors on Thursday asked a Delaware federal judge to delay a shareholder vote on the water recreation retailer's $338 million sale to a private equity firm, saying the company's failure to disclose material information about the deal prevents them from making an informed decision.
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July 27, 2017
West Marine Investors Say Retailer Misled On $338M Sale
A recent U.S. Securities and Exchange Commission filing by West Marine Inc. concerning private equity firm Monomoy Capital Partners LP's $338 million deal to take the water recreation retailer private violated federal securities laws by containing misleading information, a proposed class action lawsuit filed Thursday in Delaware federal court alleged.