On or around 08/05/2019 (Ongoing date of last review)
Filing Date: August 05, 2019
According to the Complaint, Acacia develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally.
This action stems from a proposed transaction announced on July 9, 2019, pursuant to which Cisco will acquire Acacia.
The terms of the Proposed Transaction were memorialized in a July 8, 2019 filing with the United States Securities and Exchange Commission on Form 8-K attaching the definitive Agreement and Plan of Merger. Under the terms of the Merger Agreement, Acacia will become an indirect wholly-owned subsidiary of Cisco, and Acacia stockholders will receive $70.00 for each share of Acacia stock they own.
On July 26, 2019, Defendants filed a Preliminary Proxy Statement on Schedule 14A with the SEC in support of the Proposed Transaction. The Complaint alleges that the Preliminary Proxy Statement is materially deficient, in violation of Sections 14(a) and 20(a) of the Exchange Act.
Company & Securities Information
Defendant: Acacia Communications, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: ACIA
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.
First Identified Complaint
Robert O'Brien, et al. v. Acacia Communications, Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01463
JUDGE: Hon. Colm F. Connolly
DATE FILED: 08/05/2019
CLASS PERIOD START: 07/09/2019
CLASS PERIOD END: 08/05/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Brodsky & Smith, LLC Two Bala Plaza, Suite 602, Brodsky & Smith, LLC, PA 19004 610.667.6200 610.667.6200 ·