MRV Communications, Inc. ("MRVC") is an American communications equipment and services company based in California.

According to the Complaint, it is alleged that in violation of sections 14(e) and 20(a) of the Exchange Act and their
fiduciary duties, Defendants caused to be filed the materially deficient 14D-9 in an effort to solicit stockholders to tender their MRVC shares in favor of the Proposed Transaction. The 14D-9 is materially deficient and deprives MRVC stockholders of the information they need to make an intelligent, informed and rational decision of whether to tender their shares in favor of the Proposed Transaction. It is alleged that the 14D-9 omits and/or misrepresents material information concerning, among other things: (a) the Company’s financial projections; (b) the sales process of the Company; and (b) the data and inputs underlying the financial valuation analyses that purport to support the fairness opinions provided by the Company’s financial advisor Cowen and Company, LLC (“Cowen”); and (c) the financial analyses performed by Cowen in support of the Proposed Transaction.

On October 9, 2017, the Case was voluntarily dismissed without prejudice by the Plaintiff.