Consultant, Buyer Accused Of Cutting Crucial Info From Proxy

Law360, New York (May 18, 2017, 7:45 PM EDT) -- An engineering and environmental consulting firm and the private equity fund that intends to take it private were hit with a putative class action in Connecticut federal court on Thursday for allegedly failing to disclose facts that shareholders need to weigh to determine whether the $555 million acquisition is a good deal.

TRC Cos. Inc., which struck an agreement with New Mountain Capital LLC in late March to go private, was named in a suit by investor Teresa Delarue and her attorneys at Levi & Korsinsky...
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Case Information

Case Title

Delarue v. TRC Companies, Inc. et al


Case Number

3:17-cv-00828

Court

Connecticut

Nature of Suit

Securities/Commodities

Judge

Stefan R. Underhill

Date Filed

May 18, 2017

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