On or around 10/26/2016 (Court's order of dismissal)
Filing Date: October 27, 2015
According to the Complaint, on October 12, 2015, the Board caused EMC to enter into an agreement and plan of merger (the “Merger Agreement”).
The Complaint alleges the Proposed Transaction is the product of a flawed process and deprives EMC’s public stockholders of the ability to participate in the Company’s long-term prospects. In approving the Merger Agreement, the Individual Defendants breached their fiduciary duties to Plaintiff and the Class .
This case was voluntarily dismissed on October 26, 2016.
Company & Securities Information
Defendant: EMC Corporation
Industry: Computer Hardware
Headquarters: United States
Ticker Symbol: EMC
Company Market: New York SE
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.
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