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Case Status:    SETTLED
On or around 01/06/2016 (Other)

Filing Date: November 05, 2013

According to the Complaint, On October 21, 2013, Tellabs announced that the Company had entered into an
Agreement and Plan of Merger (the “Merger Agreement”) for Marlin to acquire Tellabs, via a tender offer, in a deal with an aggregate transaction value of approximately $891 million. Under the terms of the Proposed Transaction, Tellabs common stockholders will receive $2.45 per share in cash for each Tellabs share they elect to tender to Marlin.

The Complaint alleges that the Proposed Transaction is the product of a conflicted process that is designed to ensure the sale of Tellabs to Marlin on terms preferential to Marlin and other Tellabs insiders and to subvert the interests of Plaintiff and other public stockholders of the Company.

On March 21, 2014, the parties entered into a Settlement Agreement. The Settlement was preliminarily approved on May 5, 2015. The Settlement was granted final approval on September 11, and this case was dismissed.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TLAB
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.
COURT: N.D. Illinois
DOCKET #: 13-CV-07945
JUDGE: Hon. Ronald A. Guzman
DATE FILED: 11/05/2013
CLASS PERIOD START: 10/21/2013
CLASS PERIOD END: 11/01/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Lite DePalma Greenberg, LLC (Newark)
    Two Gateway Center - 12th Floor, Lite DePalma Greenberg, LLC (Newark), NJ 07102-5003
    973.623.3000 ·
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