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Sparton Corporation (SPA)

NYSE:SPA

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Sparton Corporation

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 Ohio, case No. 1:17-cv-01663, on behalf of shareholders of Sparton Corporation (“Sparton” or the “Company”) (NYSE:SPA) who have been harmed by Sparton’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 Ultra Electronics Holdings plc (“Ultra Electronics”).

On July 7, 2017, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”), under which each share of Sparton common stock will be exchanged for $23.50 in cash.

The complaint alleges that the Preliminary Proxy Statement on Schedule 14A (the “Proxy”) filed with the Securities and Exchange Commission (“SEC”) on August 4, 2017, 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 Sparton shareholders.

Take Action

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from August 28, 2017.  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:
    Sparton Corporation (SPA)
  •    

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

Contact Counsel

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

Email:

Case Details

Date:

  • 08/28/2017

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