Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 11/07/2018 (Notice of voluntarily dismissal)

Filing Date: May 16, 2018

According to the Complaint, Mattersight Corporation ("Mattersight") is a leader in behavioral analytics and a pioneer in personality-based software products.

On April 26, 2018, Mattersight issued a press release announcing it had entered into an Agreement and Plan of Merger with NICE dated April 25, 2018 (the “Merger Agreement”) to sell Mattersight to NICE Systems, Inc.

On May 10, 2018, Mattersight filed a Solicitation/Recommendation Statement on Schedule 14D-9 (the “Recommendation Statement”) with the SEC. The Complaint alleges that the Recommendation Statement, which recommends that Mattersight stockholders tender their shares in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) Mattersight’s financial projections, including the financial projections relied upon by Mattersight’s financial advisor; (ii) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by Mattersight's financial advisor; and (iii) Mattersight insiders’ potential conflicts of interest. The alleged failure to adequately disclose such material information constitutes a violation of Sections 14(d), 14(e) and 20(a) of the Exchange Act as Mattersight stockholders need such information in order to make a fully informed decision whether to tender their shares in favor of the Proposed Transaction or seek appraisal.

This case was voluntarily dismissed on November 7, 2018.


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


Ticker Symbol: MATR
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. Delaware
DOCKET #: 18-CV-00741
JUDGE: Hon. Richard G. Andrews
DATE FILED: 05/16/2018
CLASS PERIOD END: 05/16/2018
  1. O'Kelly Ernst & Joyce, LLC
  2. WeissLaw LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available