According to the Complaint, JetPay Corporation is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing, human capital management services, and other financial transactions.

This action stems from a Proposed Transaction announced on October 22, 2018, pursuant to which JetPay Corporation will be acquired by NCR Corporation.

On November 2, 2018, Defendants filed a Solicitation/Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission 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 January 29, 2019.