On or around 08/28/2018 (Notice of voluntarily dismissal)
Filing Date: June 04, 2018
According to the Complaint, RPX Corporation ("RPX") is the leading provider of patent risk and discovery management solutions.
This action stems from a proposed transaction announced on May 1, 2018 (the “Proposed Transaction”), pursuant to which RPX Corporation (“RPX” or the “Company”) will be acquired by affiliates of HGGC, LLC.
On April 30, 2018, RPX’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 Riptide Parent, LLC (“Parent”) and its wholly-owned subsidiary, Riptide Purchaser, Inc. (“Merger Sub)”.
On May 21, 2018, 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.
This case was voluntarily dismissed on August 28, 2018.
Company & Securities Information
Defendant: RPX Corporation
Industry: Business Services
Headquarters: United States
Ticker Symbol: RPXC
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.
First Identified Complaint
Richard Scarantino, et al. v. RPX Corporation, et al.