NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP has filed a class action lawsuit in the United States District Court for the Eastern District of Wisconsin on behalf of current stockholders of ARI Network Services, Inc. (“ARI Network Services” or the “Company”) (NASDAQ:ARIS) in connection with the planned acquisition of the company by affiliates of True Wind Capital Management, LLC.
On June 21, 2017, ARI Network Services announced it had entered into an agreement on June 20, 2017, pursuant to which True Wind’s affiliates, True Wind Capital, L.P. and Expedition Holdings LLC, through Parent’s wholly-owned subsidiary, Expedition Merger Sub, Inc., would acquire all outstanding shares of ARI Network Services common stock for $7.10 per share. The lawsuit, which was filed on July 21, 2017 and entitled Sharkey v. ARI Network Services, Inc., et al. (Case No. 2:17-cv-01012), alleges that defendants solicit stockholders’ votes in support of the sale of the Company through a Proxy Statement that omits material facts necessary to make the statements therein not false or misleading. Stockholders require this material information to make an informed decision on how to vote their shares.
If you wish to serve as lead plaintiff, you must move the Court no later than October 9, 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 via e-mail at firstname.lastname@example.org. 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 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.