Proxy Statement For Proposed Merger Deemed Not Materially Misleading

Mealey's (May 4, 2018, 1:37 PM EDT) -- LINCOLN, Neb. — A company was not required to list all possible financial disclosures that could possibly be relevant to the valuation of that company in an internal financial projection as part of a proxy statement for a proposed merger deal between two companies and, thus, the proxy report was not materially misleading, a federal judge ruled May 3 in granting a motion to dismiss in a securities class action (Jesse Campbell v. Transgenomic Inc., No. 17-3021, D. Neb., 2018 U.S. Dist. LEXIS 74789)....