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SMYKLA v. MOLINAROLI

Nos. 21-3234 & 21-3308.

85 F.4th 1228 (2023)

Peter SMYKLA, et al., Plaintiffs-Appellants, Cross-Appellees, v. Alex MOLINAROLI, et al., Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided November 6, 2023.

Attorney(s) appearing for the Case

Gregg Martin Fishbein , Richard A. Lockridge , Vernon J. Vander Weide , Attorneys, Lockridge Grindal Nauen P.L.L.P., Minneapolis, MN, Shauna D. Manion , Attorney, Mallery S.C. , Milwaukee, WI, K. Scott Wagner , Attorney, Attolles Law, S.C., Milwaukee, WI, for Plaintiffs-Appellants.

Bryan B. House , Philip C. Babler , Thomas L. Shriner, Jr. , Attorneys, Foley & Lardner LLP, Milwaukee, WI, for Defendants-Appellees.

Before Wood, Scudder, and Jackson-Akiwumi, Circuit Judges.

This securities appeal asks us to decide whether a proxy statement disclosing the terms of a merger contained materially misleading statements and omissions that altered the total mix of information available to shareholders. The district court dismissed all claims, finding that the proxy statement provided shareholders...

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