On or around 03/20/2020 (Date of last review)
Filing Date: March 20, 2020
According to the Complaint, Adesto Technologies Corporation is a leading provider of application-specific semiconductors and embedded systems for the Industrial IoT .
This action stems from a proposed transaction announced on February 20, 2020, pursuant to which Adesto Technologies Corporation will be acquired by Dialog Semiconductor plc.
On February 20, 2020, Adesto’s Board of Directors caused the Company to enter into an agreement and plan of merger with Dialog. Pursuant to the terms of the Merger Agreement, Adesto’s stockholders will receive $12.55 in cash for each share of Adesto common stock they own.
On March 16, 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.
Company & Securities Information
Defendant: Adesto Technologies Corporation
Headquarters: United States
Ticker Symbol: IOTS
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Jordan Rosenblatt, et al. v. Adesto Technologies Corporation, et al.
COURT: D. Delaware
DOCKET #: 20-CV-00401
JUDGE: Hon. Maryellen Noreika
DATE FILED: 03/20/2020
CLASS PERIOD START: 02/20/2020
CLASS PERIOD END: 03/20/2020
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
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available