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CA Tech Hit With Investor Suit Over $18.9B Sale To Broadcom

Law360 (August 10, 2018, 8:13 PM EDT) -- A putative class of CA Technologies Inc. investors opened a federal securities action against the information technology giant in Delaware on Thursday, alleging multiple disclosure and proxy failures in connection with its proposed $18.9 billion sale to global chipmaker Broadcom Inc.

The suit, led by the Vladimir Gusinsky Revocable Trust, is at least the second filed in the wake of a string of reported stockholder investigations into the deal, announced on July 11.

Rigrodsky & Long PA and RM Law PC filed the action in the...
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