On or around 09/15/2017 (Ongoing date of last review)
Filing Date: September 14, 2017
According to the Complaint, on August 27, 2017, MaxPoint's Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Valassis Communications, Inc. and its affiliates.
On September 11, 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.
Plaintiff filed an Amended Complaint on September 15.
Company & Securities Information
Defendant: MaxPoint Interactive, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: MXPT
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. MaxPoint Interactive, Inc., et al.