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4-Traders Homepage  >  Equities  >  Nyse  >  Calpine Corporation    CPN

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Monteverde & Associates PC : Files Class Action Lawsuit On Behalf Of Shareholders Of Calpine Corporation In The Southern District Of Texas

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11/13/2017 | 11:34pm CET

NEW YORK, Nov. 13, 2017 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for The Southern District of Texas, case no. 4:17-cv-03252, on behalf of shareholders of Calpine Corporation ("Calpine" or the "Company") (NYSE: CPN) who held Calpine securities and have been harmed by Calpine and its board of directors' alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the merger of the Company to Energy Capital Partners (the "Proposed Merger").

Under the terms of the merger agreement, Calpine shareholders will receive $15.25 in cash in exchange for each share of Calpine. The complaint alleges that the Proposed Merger is unfair to Calpine shareholders and that the preliminary proxy statement regarding the Proposed Merger (the "Proxy") provides materially incomplete and misleading information about the Company's and Energy Capital's financials and the fairness of the Proposed Merger, in violation of Sections 14(a) and 20(a) of the Exchange Act.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. 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 Monteverde & Associates PC:

Click here for more information: www.monteverdelaw.com/investigations/m-a/. It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2017 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

View original content with multimedia:http://www.prnewswire.com/news-releases/monteverde--associates-pc-files-class-action-lawsuit-on-behalf-of-shareholders-of-calpine-corporation-in-the-southern-district-of-texas-300555065.html

SOURCE Monteverde & Associates PC

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Financials ($)
Sales 2017 6 073 M
EBIT 2017 864 M
Net income 2017 148 M
Debt 2017 10 424 M
Yield 2017 -
P/E ratio 2017 37,29
P/E ratio 2018 15,39
EV / Sales 2017 2,61x
EV / Sales 2018 2,69x
Capitalization 5 412 M
Chart CALPINE CORPORATION
Duration : Period :
Calpine Corporation Technical Analysis Chart | CPN | US1313473043 | 4-Traders
Technical analysis trends CALPINE CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 15,0 $
Spread / Average Target -0,07%
EPS Revisions
Managers
NameTitle
John B. Hill President, Chief Executive Officer & Director
Frank Cassidy Chairman
Zamir Rauf Chief Financial Officer & Executive Vice President
David C. Merritt Independent Director
W. Benjamin Moreland Independent Director
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