On or around 02/03/2020 (Notice of voluntarily dismissal)
Filing Date: January 16, 2020
According to the Complaint, Ribbon Communications Inc. delivers market-leading software solutions that secure and power many of the world’s leading service provider and enterprise communications environments.
On November 14, 2019, Ribbon Communications Inc.’s Board of Directors caused Ribbon to enter into an agreement and plan of merger with Eclipse Communications Ltd.
On January 10, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission, which recommends that Ribbon’s stockholders vote to approve the Proposed Transaction at a special meeting scheduled for January 27, 2020. 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 February 3, 2020.
Company & Securities Information
Defendant: Ribbon Communications Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: RBBN
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
Eric Sabatini, et al. v. Ribbon Communications Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00069
JUDGE: Hon. Maryellen Noreika
DATE FILED: 01/16/2020
CLASS PERIOD START: 11/14/2019
CLASS PERIOD END: 01/16/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available