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Case Status:    DISMISSED    
On or around 02/15/2019 (Notice of voluntarily dismissal)

Filing Date: December 12, 2018

According to the Complaint, iPass provides collaboration and technology solutions for large and medium enterprises in the United States.

On November 12, 2018, iPass and Pareteum issued a joint press release announcing the Proposed Merger, in which Pareteum will acquire all of the issued and outstanding shares of iPass.

The Complaint alleges that on December 4, 2018, in order to convince iPass shareholders to tender their shares, the Board authorized the filing of a materially incomplete and misleading Schedule 14D-9 Solicitation/Recommendation Statement (the “Recommendation Statement”) with the Securities and Exchange Commission (“SEC”). In particular, the Complaint alleges that the Recommendation Statement contains materially incomplete and misleading information concerning: (i) financial projections; (ii) the valuation of Pareteum and the Merger Consideration; and (iii) the valuation analyses performed by the Company’s financial advisor.

This case was voluntarily dismissed as moot on February 15, 2019.


Sector: Services
Industry: Communications Services
Headquarters: United States


Ticker Symbol: IPAS
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: N.D. California
DOCKET #: 18-CV-07486
JUDGE: Hon. Yvonne Gonzalez Rogers
DATE FILED: 12/12/2018
CLASS PERIOD END: 12/12/2018
  1. Monteverde & Associates PC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available