On or around 12/01/2011 (Other)
Filing Date: April 12, 2010
According to the complaint filed April 12, 2010, the Defendants and its Board of Directors committed breaches of fiduciary duty and other violations of state law arising out a proposed transaction to acquire all the outstanding shares of Defendant through a cash tender offer by means of an unfair process and for an unfair price of $5.00 per share.
On June 23, 2010, the Court issued an order staying this action without prejudice to the rights, claims or defenses of any party.
On December 1, 2011, the Court issued an Order directing the Court to administratively close this case. Any party may file a motion to reopen this matter should a change in circumstances warrant it.
Company & Securities Information
Defendant: Chordiant Software, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: CHRD
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Larry Settles, et al. v. Chordiant Software, Inc., et al.