Inteliquent, Inc. is an American telecommunications company offering network-based voice and messaging services to wireless, cable, carriers and communication service providers.

According to the Complaint, on November 2, 2016, Inteliquent’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of Inteliquent will receive $23.00 per share in cash.

On December 2, 2016, Defendants filed a Preliminary Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction.

Pursuant to a Stipulation by the parties, this case was ordered dismissed on February 28, 2017. The Court issued an Order Closing and Terminating the action on June 12.