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Case Status:    DISMISSED    
On or around 08/28/2018 (Notice of voluntarily dismissal)

Filing Date: August 17, 2018

According to the Complaint, Radisys Corporation ("Radisys" or the "Company") develops open telecom solutions to allow service providers with disaggregated and virtualized enabling technology solutions for the telecom industry. Radisys has two business segments, Software-Systems and Hardware Solutions. Software-Systems products and services include offerings in the MediaEngine, MobilityEngine, and FlowEngine product lines, driving down the costs of network infrastructure while enabling service providers to adopt new technologies. Hardware Solutions combines the Company’s hardware design expertise with its manufacturing, supply chain, integration and service
capabilities.

On July 2, 2018, Radisys and Reliance Industries Limited ("RIL") announced the Proposed Transaction, pursuant to which RIL will acquire all outstanding stock of Radisys. The Complaint alleges that Defendants have violated Sections 14(a) and 20(a) of the Exchange Act by causing a materially incomplete and misleading Schedule 14A Definitive Proxy Statement to be filed with the SEC on August 10, 2018 (the “Proxy”).

This case was voluntarily dismissed on August 28, 2018.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Peripherals
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RSYS
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. Oregon
DOCKET #: 18-CV-01525
JUDGE: Hon. Michael H. Simon
DATE FILED: 08/17/2018
CLASS PERIOD START: 07/02/2018
CLASS PERIOD END: 08/17/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  2. Stoll, Stoll, Berne, Lokting & Schlachter
    209 South West Oak Street, Stoll, Stoll, Berne, Lokting & Schlachter, OR 97204
    503.227.1600 503.227.6840 · info@ssbls.com
No Document Title Filing Date
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