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Case Status:    DISMISSED    
On or around 08/29/2019 (Notice of voluntarily dismissal)

Filing Date: July 26, 2019

According to the Complaint, Shutterfly is a leading retailer and manufacturing platform for personalized products and communications. Founded in 1999, the Company has three divisions: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions.

This action stems from a proposed transaction announced on June 10, 2019, pursuant to which Shutterfly, Inc. will be acquired by affiliates of Apollo Global Management, LLC.

On June 10, 2019, Shutterfly’s Board of Directors caused the Company to enter into an agreement and plan of merger with Apollo. Pursuant to the terms of the Merger Agreement, Shutterfly’s stockholders will receive $51.00 in cash for each share of Shutterfly common stock they own.

On July 19, 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 August 29, 2019.

COMPANY INFORMATION:

Sector: Services
Industry: Personal Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SFLY
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-01387
JUDGE: Hon. Leonard P. Stark
DATE FILED: 07/26/2019
CLASS PERIOD START: 06/10/2019
CLASS PERIOD END: 07/26/2019
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