Multi-Fineline Electronix ("Multi-Fineline") is one of the largest flexible printed circuit manufacturers, assemblers and suppliers across the globe.

According to the law firm press release, on February 4, 2016, Multi-Fineline announced it had entered a merger agreement wherein Suzhou Dongshan Precision Manufacturing Co., Ltd. ("Suzhou") would acquire all the outstanding shares of Multi-Fineline for $23.95 per share in cash. The Complaint alleges that Defendants ran the sales process and negotiations in order to further their personal agendas. In particular, the Complaint alleges that Defendant steered the process towards a deal with Suzhou in order to maintain his position of CEO with the post-merger entity. As a result of the Defendants’ actions, the Complaint alleges, Multi-Fineline rejected superior bids and accepted Suzhou’s inferior proposal, severely undervaluing Multi-Fineline and harming investors.

This case was voluntarily dismissed on November 16, 2016.