Lionbridge Technologies, Inc. Securities Litigation
On or around 06/06/2017 (Court's order of dismissal)
Filing Date: January 26, 2017
According to the Complaint, on December 12, 2016, the Company entered into an agreement and plan of merger(the “Merger Agreement”) with HIG pursuant to which HIG will acquire all outstanding shares of Lionbridge with Lionbridge stockholders receiving $5.75 per share in cash (the “Proposed Transaction”).
On January 5, 2017, defendants filed a Preliminary Proxy Statement (“Proxy”) with the United States Securities and Exchange Commission (“SEC”) in which Lionbridge recommended stockholders vote in favor of the Proposed Transaction. The Complaint alleges the Proxy fails to provide the Company’s stockholders with material information and/or provided them with materially misleading information thereby rendering the stockholders unable to make an informed decision as to how to vote at the special stockholder meeting.
This case was ordered dismissed on June 6, 2017, due to a lack of service.
Company & Securities Information
Defendant: Lionbridge Technologies, Inc.
Industry: Business Services
Headquarters: United States
Ticker Symbol: LIOX
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
Robert Kay, et al. v. Lionbridge Technologies, Inc., et al.
COURT: D. Massachusetts
DOCKET #: 17-CV-10135
JUDGE: Hon. Douglas P. Woodlock
DATE FILED: 01/26/2017
CLASS PERIOD START: 12/12/2016
CLASS PERIOD END: 01/26/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky (Stamford) 733 Summer Street, Suite 304, Levi & Korsinsky (Stamford), CT 06901 203-992-4523 ·