According to the Complaint, Cambium Learning Group Inc ("Cambium") sells products that focus on supplemental instruction, professional development, and student assessments.

The Proposed Transaction was first disclosed on October 15, 2018, when Cambium and Veritas Capital announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Veritas Capital will acquire all of the outstanding shares of common stock of Cambium for $14.50 per share (the “Merger Consideration”). The deal is expected to close in the fourth quarter of 2018 or the first quarter of 2019.

The Complaint alleges that on November 19, 2018 Defendants caused a materially incomplete and misleading information statement to be filed with the Securities and Exchange Commission.

This case was voluntarily dismissed on February 13, 2019.