On or around 03/30/2020 (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. Lead Plaintiff filed an amended Complaint on January 30, 2020.
Company & Securities Information
Defendant: Xura, Inc.
Industry: Computer Services
Headquarters: United States
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.