Are You being sued for CoreLogic rental property solutions?
You are not being sued. There is a proposed settlement in a class action lawsuit entitled Terry Brown v. CoreLogic Rental Property Solutions, LLC, No. 3:20-cv-363 (the “Litigation”), which is a lawsuit that claims CoreLogic Rental Property Solutions, LLC (“RPS”) violated the Fair Credit Reporting Act (“FCRA”).
Is CoreLogic open to continue dialogue on its strategic plan?
"We are open to continuing our dialogue, but we are focused on delivering superior shareholder value by executing on our plan," the CoreLogic press release added.
When is CoreLogic holding its special meeting?
"CoreLogic has publicly committed to holding the special meeting on Nov. 17," a statement from a company spokesperson said. "Senator and Cannae are persisting in running an unnecessary consent solicitation to call a special meeting that has already been called to address the business they propose.
Is CoreLogic's board open to all pathways to create value?
Specifically addressing the hostile bid for the company, after reiterating CoreLogic's board is "open to all pathways to create value," Martell then said, "Senator's and Cannae's continuing shifting stream of misinformation in support of their opportunistic attempts to acquire CoreLogic deliberately ignores the facts."
Why did CoreLogic reject the bid?
CoreLogic turned down the bid, citing Cannae chair Foley's ties to other companies within the sector.
Who threatened to replace the board of CoreLogic?
Senator and Cannae threatened to replace the board of the company if CoreLogic continued to refuse to have discussions about the takeover.#N#"If these are not just delay tactics, the company has the opportunity now to promptly call a special meeting in early October — the date shareholders could have reasonably expected a meeting before the company began all of this gamesmanship," Senator partner Quentin Koffey and Cannae Chief Executive Officer Richard Massey said a letter to CoreLogic, according to Bloomberg.#N#(Read full story here .)
Did CoreLogic reject the Cannae bid?
After Cannae and Senator upped their bid by just a dollar per share, CoreLogic rejected it.
Can CoreLogic cancel a meeting?
But in a statement, Cannae and Senator said CoreLogic told them it could unilaterally cancel that meeting at any time unless they went through the "cumbersome" solicitation process.
Is CoreLogic underperforming peers?
CoreLogic "underperformed peers by 145% over the past five years, consistently ranks in the bottom 4% of the entire Russell 3000 for missing market expectations, has not met any of its long-term targets and consistently produces negative organic growth," the letter stated.
Who shot back at the company that lied about its takeover?
Senator and Cannae shot back, accusing the company of lying about its knowledge of the takeover effort while at the same time, hiring an attorney to defend against it.
Is CoreLogic open to all pathways to create value?
Specifically addressing the hostile bid for the company, after reiterating CoreLogic's board is "open to all pathways to create value," Martell then said, "Senator's and Cannae's continuing shifting stream of misinformation in support of their opportunistic attempts to acquire CoreLogic deliberately ignores the facts."
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