Investor Seeks To Stop Sourcefire's $2.7B Sale To Cisco

Law360, Los Angeles (August 12, 2013, 4:49 PM EDT) -- Sourcefire Inc. has been hit by a shareholder class action brought by an investor seeking to halt the $2.7 billion acquisition of the company by Cisco Systems Inc., citing inadequate consideration and a flawed sales process, according to a suit removed to federal court Monday.

The suit comes less than three weeks after Cisco said it would buy cybersecurity provider Sourcefire Inc. for $2.7 billion, an addition that would boost the California company's efforts to build up its security offerings amid increasingly complex threats. With Sourcefire,...
To view the full article, register now.




Case Information

Case Title

Josenhans v. Sourcefire, Inc. et al

Case Number




Nature of Suit

Stockholders Suits


J. Frederick Motz

Date Filed

August 12, 2013

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.