According to the Complaint, Pivotal Software, Inc. provides a leading cloud-native platform that makes software development and information technology operations a strategic advantage for its customers.

This action stems from a proposed transaction announced on August 22, 2019, pursuant to which Pivotal Software, Inc. will be acquired by VMware, Inc.

On August 22, 2019, Pivotal’s Board of Directors caused the Company to enter into an agreement and plan of merger with VMware. Pursuant to the terms of the Merger Agreement, Pivotal’s Class A stockholders will receive $15.00 in cash for each share of Pivotal Class A common stock they own.

On October 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 January 31, 2020.