On or around 10/23/2017 (Other)
Filing Date: June 30, 2017
According to the Complaint, on June 13, 2017, Rightside’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, Donuts commenced a tender offer, set to expire on July 26, 2017, and stockholders of Rightside will receive $10.60 per share in cash.
On June 27, 2017, defendants filed a Solicitation/Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.
On August 10, 2017, Plaintiff filed a stipulation to voluntarily dismiss this action without prejudice.
Company & Securities Information
Defendant: Rightside Group, Ltd.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: NAME
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
Susan Paskowitz, et al. v. Rightside Group, Ltd. , et al.