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Xura, Inc.

Case Summary

Xura, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 08/01/2019 (Ongoing date of last review)

Filing Date: July 11, 2016

According to the Complaint, this action stems from a proposed transaction announced on May 23, 2016 (the
“Proposed Transaction”), pursuant to which Xura, Inc. (“Xura” or the “Company”) will be acquired by Sierra Private Holdings II Ltd. (“Parent”) through its wholly-owned subsidiary, Sierra Private Merger Sub Inc. (“Merger Sub”), which are affiliates of Siris Capital Group, LLC (together with Parent and Merger Sub, “Siris”).

The Complaint alleges defendants issued materially incomplete and misleading disclosures in the Preliminary Proxy Statement (the “Proxy”) filed with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Proxy is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction.

On January 29, 2018, this case was voluntarily dismissed. A related case continues under Docket 18-CV-01229 in the District of Delaware. On August 1, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel.

Company & Securities Information

Defendant: Xura, Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MESG
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

Lawrence Lesser, et al. v. Xura, Inc., et al.

COURT: D. Massachusetts
DOCKET #: 16-CV-11445
JUDGE: Hon. Mark L. Wolf
DATE FILED: 07/11/2016
CLASS PERIOD START: 05/23/2016
CLASS PERIOD END: 07/11/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Matorin Law Office, LLC
    18 Grove Street, Suite 5, Matorin Law Office, LLC, MA 02482
    (781) 453-0100 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 07/11/2016
2 U.S. District Court Civil Docket 01/29/2018
3 Notice of Dismissal with Prejudice 01/29/2018

Reference Complaint

Wayne County Employees Retirement System, et al. v. Mavenir, Inc., et al.

COURT: D. Delaware
DOCKET #: 18-CV-01229
JUDGE: Hon. Mark L. Wolf
DATE FILED: 08/10/2018
CLASS PERIOD START: 05/23/2016
CLASS PERIOD END: 07/11/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Securities Exchange Act of 1934 08/10/2018
2 U.S. District Court Civil Docket 08/01/2019
3 Memorandum Opinion 08/01/2019
4 Order 08/01/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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