MIAMI — A shareholder has filed a class-action suit against the Jarden Corp. board of directors, claiming that the defendants issued a false and misleading proxy statement.
Vincent A. Hirsch filed suit on Feb. 24 in U.S. District Court for the Southern District of Florida against James E. Lillie, Martin E. Franklin, Ian G.H. Ashken, Michael S. Gross, Robert L. Wood, Irwin D. Simon, William P. Lauder, Ros L’Esperance, Peter A. Hochfelder, Newell Rubbermaid, Inc., NCPF Acquisition Corp. 1 and NCPF Acquisition Corp. 2, alleging that the defendants violated the Exchange Act and U.S. Securities and Exchange Commission regulations.
The plaintiff alleges that he would be irreparably harmed if the transactions were consummated under a merger agreement.
The plaintiff seeks the following: compensation for the costs of this action, attorneys’ fees and experts’ fees; an order to prohibit defendants from consummating the proposed acquisition, an order to cancel the already implemented agreement; and any further equitable relief that the court may deem just and proper. He is represented by Stuart A. Davidson of Robbins Geller Rudman & Dowd LLP in Boca Raton in Florida, David T. Wissbroecker of Robbins Geller Rudman & Dowd LLP in San Diego, and Brian J. Robbins and Stephen J. Oddo of Robbins Arroyo LLP in San Diego.
U.S. District Court for the Southern District of Florida Case number 9:16-cv-80258