March 19, 2020
A Delaware federal judge on Thursday granted a judgment in favor of Lionbridge Technologies and HIG Capital in a class action accusing them of shortchanging investors in a nearly $360 million go-private deal, finding a proxy statement seeking approval of the deal did not contain alleged omissions.
October 05, 2018
A Delaware federal judge on Friday certified a class of Lionbridge Technologies Inc. investors who claim the globalization specialist shortchanged them by signing off on last year's nearly $360 million go-private deal with HIG Capital, marking the latest step forward for the class action that was dismissed and revived earlier this year.
March 13, 2018
Globalization specialist Lionbridge Technologies Inc. on Tuesday dodged claims that it misled shareholders into signing off on last year's nearly $360 million go-private deal with HIG Capital, after a Delaware federal court found the information provided to shareholders ahead of the deal was all above board.
May 01, 2017
Shareholders of globalization specialist Lionbridge Technologies Inc. have filed suit in Delaware federal court over private equity firm HIG Capital's nearly $360 million buyout, alleging management misled investors about the company's prospects.