SAN DIEGO, March 25, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) is investigating potential claims against Nimble Storage, TransDigm Group, Global Eagle Entertainment and, Patriot National as detailed below:
Nimble Storage, Inc.
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Nimble Storage, Inc. (NYSE: NMBL) breached their fiduciary duties in connection with the proposed sale of the Company to Hewlett Packard Enterprise Company.
On March 7, 2017, Nimble announced it had signed a definitive merger agreement with Hewlett Packard. Under the terms of the agreement, Hewlett Packard will acquire all of the outstanding shares of Nimble common stock for $ 12.50 per share in cash.
The investigation concerns whether the Nimble Bay board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Nimble's shares of common stock.
If you are a shareholder of Nimble and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471.
TransDigm Group Incorporated
Shareholder rights law firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by TransDigm Group Incorporated (NYSE: TDG) and certain of its officers.
On January 20, 2017, Citron Research published an article entitled "Could TransDigm be the Valeant of the Aerospace Industry?" Citron calls into question many of the TransDigm's business practices and concludes that "the company's auditors should immediately put everything on hold until these questions are answered satisfactorily."
Following this news, TransDigm's share price fell $24.86, or 9.87%, to close at $226.90 on January 20, 2017.
If you have information that could assist in this investigation, including past employees and others, or if you are a TransDigm shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
Global Eagle Entertainment Inc.
Shareholder rights law firm Johnson & Weaver, LLP announces that a shareholder class action lawsuit has been filed against Global Eagle Entertainment Inc. (NASDAQ: ENT) on behalf of purchasers of stock between July 27, 2016 and February 20, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for of Global Eagleinvestors under the federal securities laws.
The complaint alleges that throughout the Class Period defendants made false and misleading statements and failed to disclose that: (1) the Company's progress towards integration of Emerging Markets Communications ("EMC") into Global Eagle was not progressing as favorably as Defendants lead investors to believe; (2) Global Eagle was unable to timely and properly account for the acquisition of EMS; (3) consequently, Global Eagle lacked effective internal control over financial reporting; and (4) as a result, Global Eagle's financial statements were materially false and misleading at all relevant times.
If you wish to serve as a lead plaintiff, you must move the Court no later than April 24, 2017.
If you are a Global Eagle shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Patriot National, Inc.
Shareholder rights law firm Johnson & Weaver, LLP announces that a shareholder class action lawsuit has been filed against Patriot National, Inc. (NYSE: PN) on behalf of purchasers of stock between August 15, 2016 and March 3, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for of Patriot National investors under the federal securities laws.
The complaint alleges that throughout the Class Period Defendants made materially false and misleading statements, as well as failed to disclose material adverse facts about the alleged breaches of fiduciary duty by Patriot National CEO Steve Mariano, and alleged related party transactions that served to benefit Mr. Mariano to the detriment of other Company shareholders. Specifically, the complaint alleges that Defendants failed to disclose: (1) that the Patriot National special committee was beholden to Mariano; (2) that, as such, the special committee was operating for the benefit of Mariano, and not the Company or its shareholders; (3) that the special committee did not independently assess the merits of the Ebix transaction; (4) that the special committee was not exploring strategic alternatives in order to maximize shareholder value; and (5) that, as a result of the foregoing, Defendants' statements about Patriot National's business, operations, and prospects, were false and misleading and lacked a reasonable basis.
If you wish to serve as a lead plaintiff, you must move the Court no later than May 15, 2017.
If you are a Patriot National shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP