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Case Status:    DISMISSED    
On or around 07/11/2019 (Other)

Filing Date: June 13, 2019

According to the Complaint, Electronics For Imaging, Inc. ("EFI") is a global technology company that is leading the worldwide transformation from analog to digital imaging. The Company provides products that increase competitiveness and boost productivity by developing breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process.

This action stems from a proposed transaction announced on April 15, 2019, pursuant to which EFI will be acquired by affiliates of Siris Capital Group, LLC.

On April 14, 2019, EFI’s Board of Directors caused the Company to enter into an agreement and plan of merger
with East Private Holdings II, LLC and East Merger Sub, Inc. Pursuant to the terms of the Merger Agreement, EFI’s stockholders will receive $37.00 in cash for each share of EFI common stock they own.

On June 11, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for July 15, 2019.

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 July 10, 2019.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EFII
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 #: 19-CV-01094
JUDGE: Hon. Maryellen Noreika
DATE FILED: 06/13/2019
CLASS PERIOD START: 04/15/2019
CLASS PERIOD END: 06/13/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available