Forescout Technologies, Inc. Securities Litigation
On or around 09/30/2020 (Notice of voluntarily dismissal)
Filing Date: March 17, 2020
According to the Complaint, Forescout Technologies, Inc. delivers device visibility and control to enable enterprises and government agencies to gain complete situational awareness of their environment and orchestrate action.
This action stems from a proposed transaction announced on February 6, 2020, pursuant to which Forescout Technologies, Inc. will be acquired by affiliates of Advent International Corporation.
On February 6, 2020, Forescout’s Board of Directors caused the Company to enter into an agreement and plan of merger with Ferrari Group Holdings, L.P. Pursuant to the terms of the Merger Agreement, Forescout’s stockholders will receive $33.00 in cash for each share of Forescout common stock they own.
On March 3, 2020, 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.
On July 22, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff voluntarily dismissed the claim as moot on September 30.
Company & Securities Information
Defendant: Forescout Technologies, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: FSCT
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
Edward Smith, et al. v. Forescout Technologies, Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00376
JUDGE: Hon. Colm F. Connolly
DATE FILED: 03/17/2020
CLASS PERIOD START: 02/06/2020
CLASS PERIOD END: 03/17/2020
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
Plaintiff's Notice of Voluntary Dismissal
Order Granting Motion by Ronald Blackwell for Appointment as Lead Plaintiff and Approval of His Selection of Lead and Delaware Counsel
U.S. District Court Civil Docket
Notice of Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available