Sajan Inc. provides global language services and cloud-based translation management software.

According to a law firm press release, under the terms of the merger agreement, shareholders of Sajan will receive $5.83 in cash for each share of Sajan common stock.

The Complaint alleges that the $5.83 merger consideration to be paid is inadequate. The Complaint further alleges that Defendants filed a Preliminary Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. It is alleged that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed as moot on July 27, 2017.