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.

%d bloggers like this: