Case Page


Case Status:    ONGOING    
On or around 05/07/2018 (Ongoing date of last review)

Filing Date: November 17, 2017

Gigamon provides a visibility platform to allow companies to manage, secure, and understand their data across their networks, and offers active visibility into physical and virtual network traffic.

According to the Complaint, this action is brought as a class action by Plaintiff on behalf of himself and the other public holders of the common stock of Gigamon Inc. (“Gigamon” or the “Company”) against the Company and the members of the Company’s board of directors (collectively, the “Board” or “Individual Defendants,” and, together with Gigamon, the “Defendants”) for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78n(a), 78t(a), SEC Rule 14a-9, 17 C.F.R. 240.14a-9, and Regulation G, 17 C.F.R. § 244.100 in connection with the proposed merger (the “Proposed Merger”) between Gigamon and Elliott
Management Corporation (“Elliott”).

On October 26, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s shareholders stand to receive $38.50 in cash for each share of Gigamon stock they own (the “Merger Consideration”), representing $1.6 billion in equity value.

On March 14, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.

The Complaint alleges that on November 13, 2017, in order to convince Gigamon shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

On March 14, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel. On May 7, one of the Plaintiffs voluntarily dismissed this case.


Sector: Technology
Industry: Computer Networks
Headquarters: United States


Ticker Symbol: GIMO
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.

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: N.D. California
DOCKET #: 17-CV-06653
JUDGE: Hon. William H. Orrick
DATE FILED: 11/17/2017
CLASS PERIOD END: 11/17/2017
  1. Faruqi & Faruqi LLP (Los Angeles)
    10866 Wilshire Boulevard Suite 1470, Faruqi & Faruqi LLP (Los Angeles), CA 90067
    (424) 256-2884 (424) 256-2885 ·
No Document Title Filing Date