Recent Security Class Actions
Avangrid Inc. Common Stock (NYSE: AGR)
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16 Days left to seek lead plaintiff status.
This action stems from a proposed transaction announced on May 17, 2024, pursuant to which Avangrid, Inc. would be acquired by Iberdrola, S.A., Avangrid’s controlling stockholder. The lawsuit was filed against Avangrid and four of its Directors.
On August 20, 2024 and September 6, 2024, Defendants filed proxy statements with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statements omitted material information with respect to the Proposed Transaction, rendering the Proxy Statements false and misleading. On September 26, 2024, Avangrid held its shareholder vote in connection with the buyout and a majority of Avangrid’s stockholders voted in favor of the buyout, which closed on December 23, 2024.
Plaintiff seeks to recover damages that he and other similarly situated former Avangrid stockholders suffered as a result of Defendants’ alleged violations of the Exchange Act.
Avangrid Inc. Common Stock (NYSE: AGR) Claim Form
