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Stanford Law School Securities Class Action Clearinghouse a Collaboration with Cornerstone Research

Case Page

 

Sizmek, Inc.

Case Summary

Sizmek, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED  
—On or around 03/30/2017 (Date of order of final judgment)
Current/Last Presiding Judge:  
Hon. Lee Yeakel

Filing Date: September 15, 2016

Sizmek, Inc. is an online advertising company headquartered in Austin, Texas.

According to a law firm press release, the Complaint alleges that the Board of Directors of Sizmek breached their fiduciary duties by causing a materially incomplete and misleading Recommendation Statement to be filed with the SEC. The Complaint further alleges that the merger consideration Sizmek stockholders will receive in connection with the transaction does not reflect the fair value of Sizmek shares.

An amended Complaint was filed on November 30, 2016.

This case was voluntarily dismissed on March 30, 2017.

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