California-based Monster Digital, Inc. ("Monster") designs and engineers advanced data storage and memory products such as memory card products for cameras, mobile devices, and tablets.

According to the Complaint, it is alleged that to ensure the success of the Proposed Transaction, the Monster Board issued the Proxy Statement that fails to provide all material information. In particular, the Proxy Statement does not include a fair summary of the financial analyses performed by Benchmark and fails to disclose the projections for Monster (including a GAAP to Non-GAAP reconciliation mandated by the SEC).

On November 16, 2017, Plaintiff voluntarily dismissed this case.