Genesee & Wyoming Inc.
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GENESEE & WYOMING (GWR) CLASS ACTION: HALPER SADEH LLP ANNOUNCES FILING OF SHAREHOLDER CLASS ACTION LAWSUIT AGAINST GENESEE & WYOMING INC. IN CONNECTION WITH ITS PROPOSED MERGER WITH AFFILIATES OF BROOKFIELD INFRASTRUCTURE AND GIC – GWR
September 11, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Genesee & Wyoming Inc. (NYSE: GWR) in connection with the proposed sale of Genesee & Wyoming to affiliates of Brookfield Infrastructure and GIC (collectively, the “Consortium”). The lawsuit seeks damages and/or equitable relief on behalf of Genesee & Wyoming shareholders.
The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Genesee & Wyoming shareholders vote in favor of the proposed sale of Genesee & Wyoming to the Consortium. According to the complaint, the proxy statement contains materially incomplete and misleading information concerning Genesee & Wyoming’s financial projections and analyses performed by Genesee & Wyoming’s financial advisors. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction until such information is disclosed.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE OR YOU MAY REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
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