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Case Status:    DISMISSED    
On or around 11/20/2019 (Notice of voluntarily dismissal)

Filing Date: September 26, 2019

According to the Complaint, Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud, and Security solutions to create secure infrastructure platforms for commercial and public sector customers.

This action stems from a proposed transaction announced on August 14, 2019, pursuant to which Presidio, Inc. will be acquired by BCEC – Port Holdings (Delaware) LP.

On August 14, 2019, Presidio’s Board of Directors caused the Company to enter into an agreement and plan of merger with BCEC, which was amended on September 25, 2019. Pursuant to the terms of the Merger Agreement, Presidio’s stockholders will receive $16.60 in cash for each share of Presidio common stock they own.

On September 10, 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 November 20, 2019.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PSDO
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-01811
JUDGE: Hon. Richard G. Andrews
DATE FILED: 09/26/2019
CLASS PERIOD START: 08/14/2019
CLASS PERIOD END: 09/26/2019
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