RAE Systems, Inc. is a provider of wireless gas and radiation detection instruments and systems that enable real-time safety and security threat detection.

According to the complaint filed on November 1, 2010, in pursuing the unlawful plan to induce RAE shareholders to approve the Proposed Acquisition via an unfair and uninformed process, each of the Defendants violated applicable law by directly breaching or aiding the other Defendants' breaches of their fiduciary duties of loyalty, due care, candor, diligence, independence, good faith, and fair dealing.

On July 23, 2009, RAE's stock traded as high as $1.90, more than 18% higher than the Proposed Acquisition value. Now, however, the defendants are attempting to sell the Company for a low ball offer at an inopportune time and before RAE shareholders can take full advantage of the value that the Company has to offer to the shareholders.

On July 12, 2011, the plaintiff filed a notice of voluntary dismissal with prejudice for one of the named Defendants only. The case continues against all other Defendants.

On September 27, 2011, the Court reassigned the case to Hon. Jeffrey S. White.