Investors Claim Info Lacking on Cisco’s Bid for BroadSoft

A shareholder class action in Maryland demands revisions to the proxy statement for Cisco’s pending $1.9 billion buyout of business-communication firm BroadSoft because the document allegedly lacks key financial projections and an explanation of its discounted cash-flow analyses.

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Securities

Eric Pulier paid $2.5 million in bribes to defraud Computer Sciences Corp. in its 2013 acquisition of ServiceMesh, from which Pulier gained more than $30 million, the SEC claims in a federal complaint. Pulier said through a spokeswoman that he “has been wrongly accused of crimes he did not commit,” and that he “did not bribe anyone for contracts to increase the earn-out payment to ServiceMesh shareholders.”

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