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 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.

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

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

Cash Settlement Amount

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...

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CNL.US

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