According to the Complaint, Monotype Imaging Holdings Inc. is a leading global provider of design assets, technology, and expertise for creative minds and content creators across the globe.

This action stems from a proposed transaction announced on July 26, 2019, pursuant to which Monotype will be acquired by HGGC, LLC, Marvel Parent, LLC.

On July 25, 2019, Monotype’s Board of Directors caused the Company to enter into an agreement and plan of merger with Marvel. Pursuant to the terms of the Merger Agreement, Monotype’s stockholders will receive $19.85 in cash for each share of Monotype common stock they own.

On August 26, 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 January 28, 2020.