On or around 09/13/2013 (Notice of voluntarily dismissal)
Filing Date: August 09, 2012
According to the Complaint, NEI is a leading provider of purpose-built, server-based application platforms, appliances, and lifecycle support services for software developers and original equipment manufacturers ("OEMs") worldwide.
The Complaint alleges that this action arises from Defendants' violations of state law and sections 14(a) and 20(a) of the Exchange Act and SEC Rule 14a-9 promulgated thereunder. These violations arose in connection with the proposed acquisition of the Company by UNICOM first announced on June 19, 2012. Following an inadequate sales process, defendants agreed to the proposed acquisition pursuant to which the Company's shareholders will be cashed out for only $1.45 per share. As part of their efforts to seek shareholder approval of the proposed acquisition, Defendants also filed a false and materially misleading Form 14A Preliminary Proxy Statement with the SEC on July 27, 2012.
Company & Securities Information
Defendant: Network Engines, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: NEI
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
Robyn Brooker, et al. v. Network Engines, Inc., et al.