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Case Status:    DISMISSED    
On or around 07/13/2017 (Other)

Filing Date: December 29, 2016

According to the Complaint, on November 21, 2016, the Company announced that it had entered into a definitive agreement (the “Merger Agreement”) by which MACOM, through its wholly owned subsidiary, Merger Sub, would commence a tender offer (the “Tender Offer”) to acquire all of the outstanding shares of AppliedMicro in exchange for $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro (the “Proposed Transaction”). The Proposed Transaction is valued at approximately $770 million.

In connection with the commencement of the Tender Offer, on December 21, 2016, the Company filed a Recommendation Statement on Schedule 14D-9 (the “Recommendation Statement”) with the SEC. The Complaint alleges the Recommendation Statement is materially
deficient and misleading because it fails to disclose material information about the process leading to the Merger Agreement. Without all material information AppliedMicro stockholders cannot make an informed decision to exchange their shares in the Tender Offer.

This case was voluntarily dismissed on April 14, 2017.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AMCC
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-07400
JUDGE: Hon. Vince Chhabria
DATE FILED: 12/29/2016
CLASS PERIOD START: 11/21/2016
CLASS PERIOD END: 12/29/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein Thompson LLP (San Francisco)
    100 Bush Street, Suite #1450, Finkelstein Thompson LLP (San Francisco), CA 94104
    415.398.8700 415.398.8700 · contact@finkelsteinthompson.com
  2. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
No Document Title Filing Date