According to the Complaint, Black Box Corporation is a leading digital solutions provider dedicated to helping customers design, build, manage, and secure their IT infrastructure. This action stems from a Proposed Transaction announced on November 11, 2018, pursuant to which Black Box will be acquired by affiliates of AGC Networks Ltd.

On November 11, 2018, Black Box’s Board of Directors caused the Company to enter into an agreement and plan of merger with AGC Networks Ltd. The Tender Offer is set to expire on December 19, 2018.

On November 21, 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 March 5, 2019. A related case continues under Docket 18-CV-02537 in the Central District of California.

On February 28, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. The related case was voluntarily dismissed on April 1.