According to the Complaint, Ellie Mae, Inc. is a leading cloud-based platform provider for the mortgage finance industry.

This action stems from a proposed transaction announced on February 12, 2019 (the “Proposed Transaction”), pursuant to which Ellie Mae, Inc. will be acquired by EM Eagle Purchaser, LLC and EM Eagle Merger Sub, Inc., affiliates formed by Thoma Bravo Fund XIII, L.P.

On February 27, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission 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 June 12, 2019.