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Stanford Law School Securities Class Action Clearinghouse a Collaboration with Cornerstone Research

Case Page

 

Riverbed Technology, Inc.

Case Summary

Riverbed Technology, Inc. Securities Litigation

Case Summary

Case Status:    SETTLED  
—On or around 08/06/2015 (Notice of voluntarily dismissal)
Current/Last Presiding Judge:  
Hon. Charles R. Breyer

Filing Date: February 05, 2015

Riverbed Technology is an American company that produces software and hardware products for the information technology field.

According to the Complaint, this action arises out of Defendants' alleged violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder, in connection with the sale of the Company to Thoma Bravo at the unfair price of $21 per share (the "Proposed Consideration").

This case was voluntarily dismissed on August 6, 2015, as a parallel action in the Court of Chancery of the State of Delaware (No. 10484-VCG) reached a settlement.

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