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Carpenter v. Gigamon Inc. et al
Case Number:
3:17-cv-06653
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 20, 2021
9th Circ. Won't Revive Suit Over $1.6B Gigamon Sale
The Ninth Circuit declined Tuesday to revive a securities class action accusing tech company Gigamon Inc. of misleading investors about a $1.6 billion acquisition offer, writing that the U.S. Supreme Court's decision in Omnicare leads to the conclusion that Gigamon did not materially misrepresent facts contained in statements of opinion.
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March 13, 2019
Gigamon Dodges Investor Suit Over $1.6B Sale To Elliott
A California federal judge said Tuesday that a Gigamon Inc. shareholder had not been able to show that the network security company used inaccurate financial forecasts to mislead investors into approving a $1.6 billion acquisition offer from hedge fund management firm Elliott Management Corp., dismissing his suit over the deal.
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October 15, 2018
Gigamon Seeks Toss Of Suit Over $1.6B Sale To Elliott
Gigamon Inc. has asked a California federal court to toss a shareholder suit accusing directors of using an inaccurate financial forecast in its proxy statement for a $1.6 billion acquisition offer from hedge fund management firm Elliott Management Corp., with Gigamon saying the forecast it used reflected declines in 2017 revenue growth.