WILMINGTON, Del. (Legal Newsline) – A Dr. Pepper Snapple Group stockholder alleges he cannot make an informed vote on a proposed merger until purported omissions from a report are corrected.
Richard N. West filed a complaint on March 22 in the U.S. District Court for the District of Delaware against Dr. Pepper Snapple Group Inc., et al. over alleged violation of the Securities Exchange Act of 1934.
According to the complaint, the plaintiff alleges that on March 8, in order to induce Dr. Pepper Snapple Group Inc. stockholders to vote in favor of the recent merger agreement by and among the company and Keurig Green Mountain Inc., defendants allegedly authorized the filing of a materially incomplete and misleading preliminary proxy statement.
The plaintiff holds Dr. Pepper Snapple Group Inc., et al. responsible because he alleges stockholders will be deprived of their rights to cast an informed vote if the purported misrepresentations are not corrective prior to voting.
The plaintiff requests a trial by jury and seeks to direct to account for all damages sustained as a result of the alleged wrongdoing, award of costs and disbursements, and grant such other and further relief as the court may deem just and proper. He is represented by Michael van Gorder of Faruqi & Faruqi LLP in Wilmington, Delaware.
U.S. District Court for the District of Delaware case number 1:18-cv-00429-UNA