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Friday, July 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

Avocent Corp. is selling itself too cheaply to Emerson Electric through Emerson's subsidiary Globe Acquisition, for $1.2 billion or $25 a share, shareholders say in Delaware Chancery Court.

Allion Healthcare is selling itself too cheaply to Brickell Bay Acquisition Corp., for $278 million or $6.60 a share, Allion shareholders say in Suffolk County Court, Long Island.

The9 Ltd. (sic) inflated the price of its securities through false and misleading statements, a class action claims in Manhattan Federal Court.

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