Shareholders Allege Digital Marketing Company's Proxy Statement From $430M Merger Included False Info
This suit was surfaced by Law.com Radar. Read the complaint here.
August 15, 2023 at 11:48 AM
1 minute read
The original version of this story was published on National Law Journal
Digital marketing company Quotient Technology and members of its board of directors were hit with a shareholder lawsuit on Aug. 10 in Delaware District Court over the company's proposed acquisition by Neptune Retail Solutions for $430 million. The suit, filed by Long Law on behalf of Michael Floyd, alleges that the proxy statement filed in support of the deal contains false information. Counsel have not yet appeared for the defendants. The case is 1:23-cv-00878, Floyd v. Quotient Technology Inc. et al.
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