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Franchi v. Web.com Group, Inc. et al
Case Number:
1:18-cv-01408
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Companies
Sectors & Industries:
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November 07, 2018
Web.com Investor Seeks Toss Of $2B Merger Doc Suit, Fees
Internet service company Web.com Group Inc. investors who sued in Delaware to block the company's $2 billion acquisition by Siris Capital Group LLC have agreed to scuttle the federal court action following additional company disclosures about the deal.
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September 12, 2018
Web.com Hit With Investor Suit Over $2B Siris Merger
An investor filed a proposed class action against Web.com Group Inc. in Delaware federal court claiming the company failed to provide enough information for shareholders to vote on a roughly $2 billion merger deal proposed with private equity firm Siris Capital Group LLC.