Good Tech Investors Seek To Block $425M BlackBerry Deal

Law360, Wilmington (October 13, 2015, 9:09 PM EDT) -- Investors hit the board of directors of Good Technology Corp. with a shareholder class action in Delaware state court on Monday that seeks to block BlackBerry Ltd.’s $425 million acquisition of the mobile security provider, saying the deal significantly undervalues the company.

The suit comes in the wake of BlackBerry’s September announcement of an all-cash deal to acquire California-based Good Technology, the latest in an acquisitions spree with key buys of security- and privacy-focused assets.

According to the suit, the BlackBerry deal is being driven solely by the self interests of several venture capital firms that control Good Technology and its...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS