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WeissLaw Seeks Lead In Investor Action Over Staples Merger

Law360 (February 19, 2019, 10:04 PM EST) -- An investor asked a Delaware federal judge on Monday to be named lead plaintiff and sought to appoint law firm WeissLaw LLP as lead counsel in his proposed class action accusing Essendant Inc. of withholding key details and potential conflicts of interests associated with its merger with Staples Inc.

Long Nguyen filed the suit in October, alleging that Essendant, a distributor of office supplies, filed an incomplete and misleading statement with the U.S. Securities and Exchange Commission recommending that shareholders tender their shares for a transaction, which at the time was valued at $996 million, in which their shares would be...

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Court

Delaware

Nature of Suit

Securities/Commodities

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Date Filed

October 5, 2018

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