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Case Status:    DISMISSED    
On or around 02/08/2017 (Other)

Filing Date: December 06, 2016

According to a law firm's press release, on November 10, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Adobe Systems Incorporated will acquire TubeMogul, Inc. in a merger in a deal worth $540 million. As a result of the merger, TubeMogul shareholders are only anticipated to receive $14.00 in cash for each share of TubeMogul, Inc. common stock.

The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, and (3) failed to disclose all material information regarding the sale of the company.

This case was voluntarily dismissed on February 6, 2017.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TUBE
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. California
DOCKET #: 16-CV-06996
JUDGE: Hon. James Donato
DATE FILED: 12/06/2016
CLASS PERIOD START: 11/10/2016
CLASS PERIOD END: 12/06/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brodsky & Smith, LLC (California)
    9595 Wilshire Boulevard, Suite 900, Brodsky & Smith, LLC (California), CA 90212
    310.300.8425 310.300.8425 · clients@brodsky-smith.com
  2. Brower Piven (New York)
    488 Madison Avenue. Eighth Floor, Brower Piven (New York), NY 10022
    212.501.9000 212.501.0300 · info@browerpiven.com
No Document Title Filing Date