NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP has filed a class action lawsuit in the United States District Court for District of Connecticut on behalf of current stockholders of Tangoe, Inc. (NASDAQ:TNGO) in connection with the planned acquisition of the company by Marlin Equity Partners (“Marlin”). On April 28, 2017, Tangoe announced it had entered into an agreement in which Marlin Equity Partners would acquire all outstanding shares of Tangoe common stock for $6.50 per share through a tender offer currently set to expire on June 13, 2017.
The lawsuit, entitled McArthur v. Tangoe, Inc., et al. (Case No. 3:17-cv-00832) alleges that the defendants solicit the tendering of stockholder shares in connection with the sale of the Company to Marlin through a recommendation statement that omits material facts necessary to make the statements therein not false or misleading. Stockholders require this material information to decide whether to tender their shares.
If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2017. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Joseph E. Levi, at Levi & Korsinsky, LLP, (212) 363-7500 or, or via e-mail at email@example.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.
A CLASS HAS NOT BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.