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Notice to Former Shareholders of Consolidated Communications Holdings, Inc.

  • Thomas C. Longman filed a Verified Class Action Complaint against Consolidated Communications Holdings, Inc. And its Board on July 31, 2024, alleging issues with the Merger Agreement dated October 15, 2023.
  • Consolidated Communications and its Board deny any wrongdoing but ratified the Merger Agreement through Mooting Resolutions on December 20, 2024.
  • As a result of the Mooting Resolutions, Plaintiff Longman agreed that the Action is moot, leading to a court order on February 3, 2025, dismissing the case with prejudice.
  • Consolidated Communications has agreed to pay $160,000 in fees and expenses to Plaintiff's counsel, although the court has not yet passed on this amount.
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Journal Times broke the news in on Friday, February 14, 2025.
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