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Case Status:    DISMISSED    
On or around 07/24/2020 (Notice of voluntarily dismissal)

Filing Date: April 07, 2020

According to the Complaint, The Meet Group, Inc. is a leading provider of interactive livestreaming solutions.

On March 5, 2020, Meet Group’s Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with NuCom, eHarmony Holding, Inc., and Holly Merger Sub, Inc. Pursuant to the terms of the Merger Agreement, Meet Group’s stockholders will receive $6.30 in cash for each share of Meet Group common stock they own.

On April 2, 2020, Defendants filed a proxy statement (the “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. Specifically, the Complaint alleges that the Proxy Statement fails to disclose: (i) all line items used to calculate (a) Adjusted EBITDA and (b) Adjusted EBIT; and (ii) a reconciliation of all non-GAAP to GAAP metrics.

This case was voluntarily dismissed on July 24, 2020.


Sector: Services
Industry: Communications Services
Headquarters: United States


Ticker Symbol: MEET
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 #: 20-CV-00479
JUDGE: Hon. Leonard P. Stark
DATE FILED: 04/07/2020
CLASS PERIOD END: 04/07/2020
  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