BrightPoint, Inc. is a global company that provides distribution and logistics services to the wireless communications industry.

According to the Complaint, On July 2, 2012, BrightPoint announced that the Company had entered into a definitive Agreement and Plan of Merger, dated June 29, 2012 under which affiliates of Ingram will acquire all of the outstanding stock of BrightPoint, in a transaction valued at approximately $840 million, including the assumption of BrightPoint's outstanding debt. The announcement stated that the Proposed Transaction is expected to close before the end of the year.

Under the terms of the Agreement, stockholders will receive $9.00 cash per share for all outstanding shares of the Company's common stock. Ingram has obtained a commitment for a $300 million debt facility from Morgan Stanley Senior Funding, Inc.

On July 19, 2012, BrightPoint filed its preliminary Schedule 14A with the Securities and Exchange Commission which once declared effective, solicits Company shareholders to vote to approve the Proposed Transaction. However, the Complaint alleges that the Proxy Statement is replete with material omissions and misstatements.

On August 22, 2012, the Plaintiff filed an amended Complaint.

On October 15, 2012, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on October 22.

On February 15, 2013, the Court issued an order granting Motion to Stay and requesting an expedited briefing for the Motion for Protective Order. The Plaintiff has until February 19, 2013 to file a response.

On May 1, 2013, the Court issued an Order granting final approval of the Settlement.