October 2, 2019 - The case was voluntarily dismissed.
July 25, 2019 - An investor, who in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ: DFRG), filed a lawsuit against the acquisition of Del Frisco’s Restaurant Group, Inc.
Irving, TX based Del Frisco's Restaurant Group, Inc. owns, develops, and operates restaurants in the United States. On June 24, 2019, Del Frisco’s Restaurant Group, Inc. and L Catterton announced that they have entered into an agreement under which affiliates of L Catterton will acquire Del Frisco's Restaurant Group, Inc. (NASDAQ: DFRG) in an all cash transaction valued at approximately $650 million. Under the terms of the proposed transaction Del Frisco’s stockholders will receive $8.00 per share.
On July 23, 2019, Del Frisco's Restaurant Group, Inc. filed a proxy statement with the United States Securities and Exchange Commission (“SEC”) in connection with the proposed takeover.
The plaintiff alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.