On or around 01/31/2019 (Court's order of dismissal)
Filing Date: December 11, 2018
According to the Complaint, Intersections Inc. (“Intersections” or the Company) 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 (the “Proposed Transaction”), 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.
Company & Securities Information
Defendant: Intersections Inc.
Industry: Business Services
Headquarters: United States
Ticker Symbol: INTX
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.
First Identified Complaint
Adam Franchi, et al. v. Intersections Inc., et al.