Smurfit WestRock Ltd
For the period ended Mar 31, 2024. Filed Jun 7, 2024.
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Mar 31, 2024 · Filed Jun 7, 2024
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Item 1. Legal Proceedings
As of June 6, 2024, in connection with the Combination, two lawsuits are pending that were filed by purported stockholders of WestRock challenging the sufficiency of the disclosures that have been made in connection therewith in the definitive proxy statement that WestRock filed with the SEC on April 26, 2024 (the “proxy statement/prospectus”):Robert Scott v. WestRock Company et al., No. 652627/2024 (N.Y.S.), filed on May 21, 2024, andRichard McDaniel v. WestRock Company et al., No. 652638/2024 (N.Y.S.), filed on May 22, 2024. Both complaints, which name WestRock and its directors as defendants, allege state law claims for breach of fiduciary duty. Several purported stockholders of WestRock have also sent demand letters to WestRock alleging similar deficiencies regarding the disclosures made in the proxy statement/prospectus. The Company cannot predict the outcomes of these matters.
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