On or around 07/27/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: May 16, 2017
According to a law firm press release, under the terms of the 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 (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) 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.
Company & Securities Information
Defendant: Sajan, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: SAJA
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 Berg, et al. v. Sajan, Inc., et al.
COURT: W.D. Wisconsin
DOCKET #: 17-CV-00379
JUDGE: Hon. James D. Peterson
DATE FILED: 05/16/2017
CLASS PERIOD START: 04/26/2017
CLASS PERIOD END: 05/16/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Kerkman Wagner & Dunn 839 N. Jefferson Street, Suite 400 , Kerkman Wagner & Dunn , WI 53202 414.277.8200 414.277.0100 ·