According to the Complaint, Intersections Inc. provides software solutions to help consumers and businesses manage the potential risks associated with the proliferation of their data in the virtual world.

This action stems from a Proposed Transaction announced on October 31, 2018, pursuant to which Intersections will be acquired by affiliates of iSubscribed, WndrCo, and General Catalyst.

On November 29, 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 as moot on January 14, 2019.