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CEC ENTERTAINMENT: Still Defends Apollo Merger-Related Suit Class Action Reporter
May 21, 2018
On March 17, 2017, Plaintiffs filed objections to the Special
Master's report and recommendation with the Kansas court and
separately filed a motion with the Special Master to amend the
complaint as to Goldman Sachs, but not objecting to the dismissal
of CEC or its former directors.
On November 20, 2017, the Special Master filed a Supplemental
Report recommending to the Court that Plaintiffs' motion for
leave to amend be denied; if the District Court accepts the
Special Master's supplemental recommendations, the case will be
dismissed in its entirety. Both remaining parties (Plaintiffs and
Goldman Sachs) filed objections to the Supplemental Report on
December 22, 2017, and the parties filed responses to these
objections on February 16, 2018. The District Court has not yet
set this case for trial.
CEC Entertainment said "While no assurance can be given as to the
ultimate outcome of the consolidated matter, we currently believe
that the final resolution of the action will not have a material
adverse effect on our results of operations, financial position,
liquidity or capital resources."
CEC Entertainment, Inc. is a family entertainment and dining
company, focused on providing an exciting, fun-filled play and
food experience for children and parents alike. The company
develops, operates and franchises family dining and entertainment
centers (also referred to as "venues") under the names "Chuck E.
Cheese's" ("Where A Kid Can Be A Kid") and "Peter Piper
Pizza"("The Solution to the Family Night Out"). The company is
based in Irving, Texas.
LOAD-DATE: May 21, 2018
LANGUAGE: ENGLISH
PUBLICATION-TYPE: Newsletter
Class Action Reporter
Copyright 1994 - 2018 Bankruptcy Creditors' Service, Inc. and Beard Group, Inc.
All Rights Reserved
For internal use only
For internal use only
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0046812
CONFIDENTIAL SDNY_GM_00192996
EFTA01358853
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