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CNL.US

Cleco Inc (CNL) $37M Buyout Shareholder Settlement

W.D. Louisiana
Court
251, 417
Case number
01 Jan 2005
Class period Start
13 Jan 2015
Class period End
06 Mar 2024
Claim deadline
Cleco 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.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Investment Bank
Security Type
Stocks
Trade Direction
Long
Filing date
13 June 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 February 2024
Objection deadline
12 January 2024
Hearing deadline
12 January 2024
Trades matching type
FIFO
+$37,000,000
Total Settlement Amount
Created by Stan Vick, Scout

Cleco Corporation

Cleco Corporate Holdings LLC operates as a public utility holding company in the United States. The company engages in the generation, transmission, distribution, and sale of electricity to residen...

    Ticker
    CNL.US
    Country
    US