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Case Status:    ONGOING    
On or around 08/21/2020 (Date of last review)

Filing Date: August 20, 2020

According to the Complaint, Majesco is a global leader of cloud insurance software solutions for insurance business transformation.

This action stems from a proposed transaction announced on August 8, 2020, pursuant to which Majesco will be acquired by affiliates of Thoma Bravo, L.P.

On August 8, 2020, Majesco’s Board of Directors caused the Company to enter into an agreement and plan of merger with Magic Intermediate, LLC (“Parent”) and Magic Merger Sub, Inc. (“Merger Sub,” and together with Parent, “Magic”). Pursuant to the terms of the Merger Agreement, Majesco’s stockholders will receive $16.00 in cash for each share of Majesco common stock they own.

On August 14, 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 INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MJCO
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-01096
JUDGE: Hon. Richard G. Andrews
DATE FILED: 08/20/2020
CLASS PERIOD START: 08/08/2020
CLASS PERIOD END: 08/20/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  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