On or around 04/02/2018 (Notice of voluntarily dismissal)
Filing Date: January 09, 2018
According to the Complaint, Barracuda designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that address security threats, improve network performance, and protect and store data. Barracuda’s platform incorporates subscription-based security and data protection solutions that are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity. The Company’s solutions are delivered as cloud-enabled appliances and virtual appliances, as well as public cloud and Software-as-a-Servicebased solutions.
On November 27, 2017, Barracuda issued a press release announcing it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) to sell Barracuda to Thoma Bravo for $27.55 in cash per Barracuda common share (the “Merger Consideration”). The Proposed Transaction is valued at approximately $1.6 billion.
The Complaint alleges that the Defendants filed a materially incomplete and misleading Proxy Statement with the SEC and disseminated it to Barracuda’s stockholders, and that the Proxy Statement misrepresents or omits material information that is necessary for the Company’s stockholders to make an informed decision whether to vote their shares in favor of the Proposed Transaction or seek appraisal.
This case was voluntarily dismissed on April 2, 2018.
Company & Securities Information
Defendant: Barracuda Networks, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: CUDA
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Stephen Bushansky, et al. v. Barracuda Networks, Inc., et al.
COURT: N.D. California
DOCKET #: 18-CV-00191
JUDGE: Hon. Beth Labson Freeman
DATE FILED: 01/09/2018
CLASS PERIOD START: 11/27/2017
CLASS PERIOD END: 01/09/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
WeissLaw LLP (Beverly Hills)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available