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CNL.US
id: 1089
Cleco Inc (CNL) $37M Buyout Shareholder Settlement
The settlement funds have been distributed to claimants.
$37,000,000
Cash SettlementW.D. Louisiana
Court251, 417
Case number01/01/2005
Class period Start01/13/2015
Class period End03/06/2024
Claim deadlineCleco Inc (CNL) $37 million settlement for those shareholders who voted against, abstained from voting or did not vote for the proposed merger deal in 2015.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Investment Bank
Security Type
Stocks
Trade Direction
Long
Filing date
06/13/2016
Plaintiffs
Lawrence L’Herisson, Helen Moore, Calvin Trahan
Attorneys
Geller Rudman & Dowd LLP, Kahn Swick & Foti, LLC
Defendants
Bruce Williamson, Darren Olagues
Judge
Hon. Lowell C. Hazel
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-11-16
Court hearing date
02/02/2024
Objection deadline
01/12/2024
Hearing deadline
01/12/2024
Trades matching type
FIFO
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