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Case Status:    DISMISSED    
On or around 03/08/2019 (Notice of voluntarily dismissal)

Filing Date: December 06, 2018

According to the Complaint, Apptio is the business management system of record for hybrid IT.

This action stems from a proposed transaction announced on November 11, 2018 (the “Proposed Transaction”), pursuant to which Apptio will be acquired by affiliates of Vista Equity Partners.

On November 9, 2018, Apptio’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 Bellevue Parent, LLC and Bellevue Merger Sub, Inc. Pursuant to the terms of the Merger Agreement, Apptio’s stockholders will receive $38.00 in cash for each share of Apptio common stock they hold.

On November 21, 2018, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (the “SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on March 8, 2019.


Sector: Technology
Industry: Software & Programming
Headquarters: United States


Ticker Symbol: APTI
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. Delaware
DOCKET #: 18-CV-01938
JUDGE: Hon. Maryellen Noreika
DATE FILED: 12/06/2018
CLASS PERIOD END: 12/06/2018
  1. Rigrodsky & Long, P.A.
  2. RM Law, P.C.
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available