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Case Status:    DISMISSED    
On or around 05/31/2018 (Notice of voluntarily dismissal)

Filing Date: March 06, 2018

Callidus, which does business as “CallidusCloud,” is the global leader in cloud-based sales, marketing, learning, and customer experience solutions. The Company enables organizations to accelerate and maximize their multi-product strategy with a complete “Lead to Money” suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, speed up contract negotiations, properly recognize revenue under ASC 606, and streamline sales compensation. Over 6,400 leading organizations, across all industries, rely on Callidus to optimize their multi-product strategy to close more deals faster and for more money.

This action stems from a proposed transaction announced on January 29, 2018 (the “Proposed Transaction”), pursuant to which Callidus Software Inc. (“Callidus” or the “Company”) will be acquired by SAP America, Inc. (“Parent”) and Emerson One Acquisition Corp. (“Merger Sub,” and together with Parent, “SAP”). On February 22, 2018, defendants filed a Definitive Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed
Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on May 31, 2018.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CALD
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: N.D. California
DOCKET #: 18-CV-01443
JUDGE: Hon. Charles R. Breyer
DATE FILED: 03/06/2018
CLASS PERIOD START: 01/29/2018
CLASS PERIOD END: 03/06/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
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