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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
Court
251, 417
Case number
01/01/2005
Class period Start
01/13/2015
Class period End
03/06/2024
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.
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