Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 09/10/2019 (Notice of voluntarily dismissal)

Filing Date: July 30, 2019

According to the Complaint, PCM, through its wholly-owned subsidiaries, is a leading multi-vendor provider of
technology solutions, including hardware, software, and services to small, medium, and enterprise businesses, state, local and federal governments, and educational institutions across the United States, Canada, and the UK.

This action stems from a proposed transaction announced on June 24, 2019, pursuant to which PCM will be
acquired by Insight Enterprises, Inc.

On June 23, 2019, PCM’s Board of Directors caused the Company to enter into an agreement and plan of merger with Insight. Pursuant to the terms of the Merger Agreement, PCM’s stockholders will receive $35.00 in cash for each share of PCM common stock they own.

On July 26, 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 August 26, 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 September 10, 2019.


Sector: Services
Industry: Retail (Specialty)
Headquarters: United States


Ticker Symbol: PCMI
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-01417
JUDGE: Hon. Maryellen Noreika
DATE FILED: 07/30/2019
CLASS PERIOD END: 07/30/2019
  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