Class Suit Alleges False Solicitation Statement, Seeks To Halt Papa Murphy’s Merger

(May 3, 2019, 1:19 PM EDT) -- WILMINGTON, Del. — A Papa Murphy’s stockholder who owns about $50 worth of shares sued the pizza franchisor, 10 of its directors and the company looking to acquire it in a class action filed April 30 in federal court in Delaware, seeking to halt the merger and alleging that a false and misleading solicitation statement was filed in violation of the Securities and Exchange Act of 1934 (Richard Scarantino, et al. v. Papa Murphy’s Holdings, Inc., et al., No. 1:19-cv-00791, D. Del.)....

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