CNL.US
id: 1089
Cleco Inc (CNL) $37M Buyout Shareholder Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
W.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 Status
Accepting Late Claims
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
+$37,000,000
Cash Settlement Amount