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Orgel v. Red Hat, Inc. et al
Case Number:
1:18-cv-02006
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 08, 2019
Red Hat Shareholder Drops Suit Over Planned $34B IBM Sale
A Red Hat Inc. investor on Tuesday voluntarily dismissed a proposed class action in Delaware federal court that aimed to block a shareholder vote on the software company's planned $34 billion sale to IBM.
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December 18, 2018
Red Hat Shareholder Sues To Stop $34B IBM Sale
A Red Hat Inc. investor filed a putative class action Tuesday in Delaware federal court seeking to block a shareholder vote on the software company's planned $34 billion sale to IBM, saying a proxy statement urging support for the deal omits or misrepresents information needed to make an informed decision.