Shareholder Seeks To Enjoin Proposed Merger Deal In Securities Class Action
(August 26, 2016, 10:03 AM EDT) -- SANTA ANA, Calif. — A shareholder filed a securities class action complaint in California federal court on July 22, seeking to enjoin a proposed merger and acquisition transaction because it “is the result of an unfair process and provides the Company’s stockholders with inadequate consideration” (Stephen Bushansky v. QLogic Corp., et al., No. 16-1363, C.D. Calif.).
(Complaint available. Document #57-160815-503C.)
Shareholder Stephen Bushansky filed the complaintin the U.S. District Court for the Central District of California, naming QLogic Corp., acting CEO Jean Hu and the members...