Faruqi and Faruqui, LLP Logo
Share this page

KMG Chemicals, Inc. (KMG)

NYSE:KMG

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against KMG Chemicals, Inc. (KMG)

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of Texas, No. 4:18-cv-00785, on behalf of shareholders of KMG Chemicals, Inc. (“KMG” or the “Company”) (NYSE:KMG) who have been harmed by KMG’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with Cabot Microelectronics Corporation (“Cabot”).

On August 14, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”) under which each share of KMG common stock will be exchanged for $55.65 in cash and 0.2 shares of Cabot common stock (the “Merger Consideration”). The shareholder vote on the Proposed Transaction is expected to occur on November 13, 2018.

The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on September 12, 2018, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to KMG shareholders.

If you wish to obtain information concerning this action, you can do so by filling out the form below.

Take Action

Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia, and Pennsylvania.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Nadeem Faruqi, Esq. either via e-mail at nfaruqi@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330 or James M. Wilson, Jr., Esq. at jwilson@faruqilaw.com.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    KMG Chemicals, Inc. (KMG)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 10/15/2018

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.