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Case Status:    DISMISSED    
On or around 11/22/2017 (Notice of voluntarily dismissal)

Filing Date: October 17, 2017

This action stems from a proposed transaction announced on September 28, 2017 (the “Proposed Transaction”), pursuant to which Exa Corporation (“Exa” or the “Company”) will be acquired by Dassault Systemes Simulia Corp. (“Parent”) and 3DS Acquisition 3 Corp. (“Merger Sub,” and together with Parent “Dassault”) through a tender offer currently set to expire on November 9, 2017 (the “Tender Offer”).

On September 27, 2017, Exa’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 Dassault. Pursuant to the terms of the Merger Agreement, shareholders of Exa will receive $24.25 in cash for each share of Exa common stock.

On October 12, 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 that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading. The Plaintiff alleges that Defendants violated Sections 14(e), 14(d), and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Solicitation Statement.

On November 22, 2017, this case was voluntarily dismissed.


Sector: Technology
Industry: Software & Programming
Headquarters: United States


Ticker Symbol: EXA
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.
COURT: D. Massachusetts
DOCKET #: 17-CV-12034
JUDGE: Hon. Allison D. Burroughs
DATE FILED: 10/17/2017
CLASS PERIOD END: 10/17/2017
  1. Matorin Law Office, LLC
  2. Rigrodsky & Long, P.A.
  3. RM Law, P.C.
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