Idea Transcript
Case 8:17-cv-03044-TDC
Document 1
Filed 10/17/17
Page 1 of 17
IN T111i UNITED SIAIS 1)]STRICT COURT FOII i DISTRICT OFIARYLAND ROBI-:RI BRG. [mlividua]I niimiVy
11ters
aliu On I
Ihalf of All
Situated.
441 N. 35th SuAreA. Milwjukce. WJ f321
['aiolt
1. Casc No.
V.
JIRY
PE JER I11.A UK MORE 750( %ioisij AL CEIILL' ')!I ["100L BcIISJa_ M1) 2 0814 7331) W"Is oi t Aene
Lr'h
)
Floor- 12 Bhexda. MD 209 [4 13
(.1 RIJ SU) P E*[ F-R
COM]J 'T ()N 7550 Wisconsin Aveiiue, 9 ' 1Lr. Bethesda. Ml ) 20R 14 }IA-.IJ: I.)XIYN
Wistnsijn A
nveu. 9'h FI our.
Bthesda M) 20 814
7350 WiSc niLTi A venue.. 9"' F Ioor. BIheia]
D)A VID J. M;lACL 7550 Wkccnii.i Avcniuc
Mk1 20 1 4
9;Ii
:IDi~t. WI !Ihe&Ida_ N.1) 2(3A 14
ALAN B. M.I-. 7550 Wijconsin Avenue. 9"'
or.. B-ctlesda. v) 20814
lACK ST[hRK. 753( Wiscnsir Av eri e,
Bl -k.r iwsida- Md) 20314 1
I)AV I) . G(";, C 7550 W isconsi ii Aveui ke. 9': Foor. Bediesitd. MD 20R14
)
754)
(1,R T: 03 OR Y S.C> L1 i; N_1 eAvIiu. 90' 1 onr. B;Lkiesdh. MD
BROOKIFILGHD T N.. ]1 Lay sre:;1.. Suite 30G. foront.
OilKiiio
M5.121
J20 814
-
7550 Wisconoin
I)1 MANADED
CLA SS ACJ 0 M E) 20.I
)
TrRRAF1i- ' I. IBAL. INC.. 75 U Wiscoisili A venae. 9'1 E0Tor. BCesda,
1RtA
Case 8:17-cv-03044-TDC
Document 1
Filed 10/17/17
Page 2 of 17
OkIlON US HOL[IN ,S I [8] lIa\ SruL., Suitc 300, T ociitu0. Ontario M5.I 213
BR
F (L. . 1 101 Di\(OS J UI.. 1;9 L-ay iewct.. Siie 30i. 'mOrnto.
N15.I -T3
Ontario
1
Detdndants. CO
FLAINT FOR Vi IlAT]ON OF TH F SECUR[TIES EA'X(AItE ACT OF 1934 Phlintifi, b, his
upLo| pmr3ofla] kro%% I~iL ime ut
'ndersignd atonicys. %
jh
I0
T cspcctE'
1j.he inv11gftion A, couns
aIlIs ac'In. lenrs
NLJroed JraisacLti
Brookfield Ac;ei
H.Jdini-
Ma
u'id hLC
m1b:im-4iw
based upo 5n,
F TIi E ACTION
froim a prp's
pursuant
SuI.bsid[ary. BR1- C.81.
UPrI
dct. ii&ants NjrcLrcs
Rgkiinst
zi L to]I other al!e'galiorm harcin. as LohIows:
0
1 lrw:actiti alno urnLL[ on March 7. 20 17 I 11-r
whiCh
ill be acquired by 06c
COmp213y
this coEfplairI
I. iir
N.ATlJRE 1.
I-r1
U
1 ITr
aimnii GiohW.
IS]lldirtgs 1 LT,
Lnc
cin-cmt [ni. ("BAM'
aLn!
xL whgLly 0 VwndIt
Couned
b% alliliie.
f:-arCen[")
(--Mr.gr Sub"}. .hichi wcrc
Irn.
or the
Tirjrnami"
Of
and ugether wi di PareCnit and Mergur Sab.
"l IR Ijl- 1- C d 1..
On
.
I )cinL2TIn
M31ch . 2)I
.s !l causCd
Agz reielnd I w:JLi TerraJN1ms (n.
r -r
1 ?-. J
I Brd Ot'
J):ictcrS
die2(:L)TIpHTy Rl cntcr into( anr a,1rcQi|nI Oio1.
(e CBQaJrd"
-ndi
D-
and plan 0 f rfTlCT IM
PL.rsLnr-L. t the Lcims oL rhc kkrger Agremelit,
uach
idIinl
-Mcfgf
haic
o|
ss A cL1mnion stock will [u c&tnvcrcd into hie righi it) recevo S5 -1' in Lab
Furtfer. as car[crnplted by thC Mey4Cr EIiitr lto betwcean
&era]~Or-TI Glvbil
AgTcieriTi
Mid
and SunL-bdisn,
pirisiaiLL
[.iicjL
[o
b
t[Cmnegt agreiL1eI
}dison~)
b-miidiwdy
(I the migVr. Isitdison wil exICharige t 1 &f itNi CLass H i L[ INF
11-! C0mpan-S
Ic'aforn Global 1.1.C.
(ass
1iivi
25%
fi tht! Conpany-s e.utstanidjig
A
pior
-. ' bsiiiTyv. onares en a tLLJV
|;
.Lii
d basi
Document 1
Filed 10/17/17 Page 3 of 17
.
Case 8:17-cv-03044-TDC
OJI OLLOL-T 1 it o
3
d reEnd(irt filed a prtry statcmcflt (1c%
1 7.
"Prn
StatenOcI[-)
,V
with the lnitL![ Sates SecuXiie and Exehuge CoImsion (--SEC-) in conneciion wi(I (ic JtOJ)LSWd
Transuet
4.
ton.
Tlic Jr)..
Transacduii.
tSlllcmclL
which rcnderi the P-,v
of 193
(1[1c
Prpnsed
plaii1ii Acc
- 1J3 4 Ac VL% i n cwIlnecion W ill L[i' [1 ';Ny .imcmc1211. ITON AND VENLE
This Caurr has juridctiD
5.
o' the I 34 Aci hca 1930 Act and Ris 6.
set the ckLims
ver thI dairs axsrTed Icm
ateraed h
irTise Wder
TiLin
purxuaL! tu S(CoiPW 27
LeLinIys
-1(a} and 21)(
of the
1 4a-9.
i1 is COu
CUrpf'-aLion thal CO)d
b'.i j
I I lii 01
cts btiness
i(lIividua witi stiLieLLL
over deer1. Orkts NuCeaLs-- each dIV
in aL
'rjinil1nin
L3i], ;CL i Li by
1rO.TISa!cLoIKN:S
(0 the
Respct
S-'ctions 14{a) and 20(HI of 1he Securities .xduinc
JURISD
7
11 vi
La-ls und miiseadini. . Axordintld.
Smaunmwi
alIegcs hIcrcbi tILal cIclFendanti \itlaied
intbrradtin
il-lrirlt
DLi1t.
aiilItans Qperdt(4Rs wI1
L'oltach
ibis LSiuI
witili 1his DiStrict. or :S al .10 a5
uUl
',
Vdii i
PTpUT
UndcT
Cl pkaincd
2
.
.
of hereir.L
ciC
tile eCwLi.Vw
LW nmkc
(:oufl i ni .ible uider .tuadit i onalt I LtflIaS 1t ' Flir plad ait enMUe i
d I edlant iH e d[11r a
Sux
if
HTItial I nmce.
139 1 (b) bccauso a N.tLhSt.antoial pofrkiii c Ii h! I .rred in this DISitC[.
PA RTIE S
X.
Plaintiff .
alnd Iu.tL hicn
owner oC Iorral flrEn L'txLYI1nz S.
DcI'endai
L2XLU1t[iVLt 11llies ut
COflROUS
\
Lhi
lu%!
all times
cOLo
re ev:I ',
tI
stock.
Terraiormi
;s a Delaware L(irpoat ion and m1irIint
7550 WI'.c iin z Avcnic 91
-i
it
pitilcipal
our. ]!1heihd. Mauvland 20- 14 Terraforns
Case 8:17-cv-03044-TDC
(mLmLwl
S[M-ck is traded oi [lie I).
Dtedani PCtr
d11d iTi-LTi Chi 2'r Exec Ii
Document 1
Filed 10/17/17
Page 4 of 17
(iS under like 1i4cker symbol "[..
'w.daq
3Laekrrioru
-Blacknore-
e I..}ficer I "C'
ix ;1TeCLOT.
ChaImav
DeIfcndaM I- Fud .OY I
12.
Deiendaiu (bmOphr Coni p[rt (A nmrplon"I ts a diruc tT
.L! fBO J i. dirScc UTOf Tera [ij 1.
Lefe3ld Ht1. M ark
De-Ce'dii
7-3 L6.
'L.
i-Daliya I iN di rcLIOT W01 e
'da
I
."].''I
lMftndant Alan R. \illkr
[
oF
erraoi
19.
ID'eIe61dani (rgorv Scale'n
20.
The dcFendanis idmintiOied in parawajlIb 10 ikr'ligh
21.
OLT.
cf ]talorm.
Tk)-.rdant J)avid kRi1LOter i~1~inghOFerY~) JA a Jdir"dOX
llCF':J as1 tIt'
.TH[()'
-Micr"} [s a Li r" tor of Terra4rrm.
. 7. D.Fendart Jack SliTk (";Stark") is a delnr
LX.
rcir
rrn.
JCTmJaO31L
I" Is a di reem i- Di I
Mak (tTuck- ) I n di
,.
;1id
1Tcrrao
.
Defendant I laniF ]hhyb
'4.
he Board.
o rTcrriForm.
1 L.
13.
Lif
(-SC.
oF Terraftn
LlI|-n" is a d iecuT
cd]e]t
11.
1-or1.
are ctl~ccivly rferred to
IvIiidllaJ j )LImdaq.S Defenlit1. BAM is omaji zed uiib :k1; c laws of
Iall
ada Jnd iI
eeficjiaj Ik
tI
11.J
Parellt ar!d Mcriep Sub.
22.
Deftndnt Parent i- a Dclawimr: limited partnership.
TI
I.iildtC of
i
Vt. aA11i ;-I
party to the Ntergei AgrmTeat.
23
JcCnddant Merger Sub is a Dela'&aru
Parent. aid a p-tiv
tO
the MefiCer
A
r|'JL TI
LQlTtilOn.
a witcH;
-c
n n&d su
idiary of
T1nn1.
CI.AS A(CTION ALLEEATIONS 24.
PNainitt brirts this action as a cla.:i
pLIbbiC stockihogdrs
of l Lerai-orr trl-e
iaLN11 on Nxhalf of hiimell
and
the other
-CIkss). F-¼Juded rl'rI lhe C(ass are deftndaiils
r-c1in
Case 8:17-cv-03044-TDC
Document 1
Filed 10/17/17
HnId kilY pCSOD. fLfJI. trulit, L4rpaLtin,. OU 0tI1cr CJit' .1
2 26. Jl did
31. 20.1--
i x popI
T1 Flis aLuui
[le C.a tkcr
i
Y muiT
ai-b[
nLrneroLs thin
were 11 2,970,YR
2s-LuTC'.
Page 5 of 17
laledl 11 (Tr liiiatcd
as a c I a,, kctio n.
joitider
oL!I Imnmberr
oI CiT s A 'I erraonn
s iNOpactichlc.
2?.
k arid e[
Questions o
s
teied
pJaiLuJif and
r 5-IuBLind nu
1m' I L!Ii hundreds, it 1oi
1r hC LM InV I'V.
ad
[ff'd
ohe ither membcT- of the
wheltlcT dIiFcdants will Jrreparab%
CLas iCdfUndmis' ;icnducL conplaricd
h:irrn
iol'IWTrin1
..
28.
I'[aLntit
i,
'.'i'Mittcd 10 prosccuinp diLs cloin mid hS EcLaInCd Cpnl'lAflt
xtiinsclI cxprienced in Lttga[ion Dl hi ISatuI., tidiej nrail'i.s (I C lass.
or
kl' 1av arid tact 1ic 'om mo L dhe CIaN,. includITig.. among oithers. (,
WhlI'i d, I !1it ILIt11. t6olaLcd tle L 134 Ac,
Ci li.[iEt
0i
As
cDnlininr xw i
61.343,054 sharcs 41 CLas B L erral-inm vornnon stock outsiandio
thi0Jsaiids. LF i rid j VIS
with an\ dden darn.
["e
Chas and pJamLif1 has
Accordin-Iy, plaintiL is
tn
idegate
Plaintiffs cla3ms [Ele
SaIL
are typiU4l
iIuIrLL2s ais The
oJ tlhc claims of the bcir rncnibers
oF the
rcprcsciltadive of the Class mid will Iair1
i
id
adequately pmIet .e iIn tercsts ol'the Class. 29. L
The pmsmcution oC separate actimLs by inividim
ic thle risk or 'LncouisLeiu
or
LrirlLLdjLLi-;ckins
1Hu
crbCrs
dil (Igg
wou1d WsablIsh
'-wlikiodK;TIi cif ditCi (0j det2ndWnls. (Tkidwjidtttons tha( wUld, %, a prticsI diplxsilive c hl iItrcst. of individual mnCInlcrs adjudicad03q Dr .Ouht .ub'LIItiillN
UF Oie (lbs
impair or imcpde tdoNe
Wh;
ritlI-parL)
arc n0
wvvkl
iconipwib-w iattcr.
be
parties ttL lhe
ClUSs mnmmhes' ab[jL
LI
prnl'xI heir in1crcsts. 30.
[}cfcndants have dCe., 0r idux.ed
Class as a W l.0C,
ITid 0R'
|1ILflg
]iljlT
to th1.1-2 e
10
LLdI, o11 gmunMd g..!Ci-JW3py aplki iub i ih| .J axs.. Tl LlwTr
-|;', r1|1-81
n 1 U-ctivC Ti]|e kil
|
Case 8:17-cv-03044-TDC
Document 1
Filed 10/17/17
Page 6 of 17
bzhlalfc :1wh Class ls appmipria1e. S'uDSTANTIVE ALL1CATIONS Background of the Cmpmiy
31. Cn
llp~jullv
TerraForm and its
1hc