Le Lézard
Classified in: Business
Subject: ATY

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Gigamon Inc.

NEW YORK, Dec. 7, 2017 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, case No. 3:17-cv-06653, on behalf of shareholders of Gigamon Inc. ("Gigamon" or the "Company") (NYSE: GIMO) who have been harmed by Gigamon's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with  the proposed merger of the Company with Elliott Management Corporation ("Elliott").

Faruqi & Faruqi, LLP. (PRNewsfoto/Faruqi & Faruqi, LLP)

On October 26, 2017, Gigamon and Elliott jointly announced they had entered into an Agreement and Plan of Merger ("Proposed Merger") under which each outstanding share of Gigamon common stock will be exchanged for $38.50 in cash (the "Merger Consideration"), for a total value of approximately $1.6 billion.

If you wish to obtain information concerning this action, you can do so by clicking here: www.faruqilaw.com/GIMOnotice.

The complaint alleges that the Preliminary Proxy Statement on a Schedule 14A (the "Proxy") filed with the Securities and Exchange Commission ("SEC") on November 13, 2017, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Merger, including information concerning the Company's financial projections and analysis, on which the Board relied to recommend the Proposed Merger as fair to Gigamon shareholders.

Take Action

Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia, and Pennsylvania.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:

Nadeem Faruqi, Esq.
James M. Wilson, Jr., Esq.
685 3rd Avenue, 26th Floor
New York, NY 10017
Telephone: (877) 247-4292 or (212) 983-9330
E-mail: nfaruqi@faruqilaw.com 

SOURCE Faruqi & Faruqi, LLP

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News published on 7 december 2017 at 17:40 and distributed by: