Robbins Arroyo LLP: A Class Action Lawsuit Has Been Filed Against Qlik Technologies, Inc. (QLIK)
05 August 2016 - 5:06AM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP announces that a
class action lawsuit has been filed against Qlik Technologies, Inc.
(NASDAQGS: QLIK) in the Court of Chancery of the State of Delaware.
The complaint is brought on behalf of shareholders of Qlik for
alleged violations of state law and breaches of fiduciary duties in
connection with the acquisition of the company by private equity
firm Thoma Bravo LLC (the "Proposed Acquisition"). The complaint
alleges that Qlik officials failed to ensure a fair process,
maximize the value of Qlik common stock, act in the best interest
of Qlik shareholders, and guard against the numerous conflicts of
interest presented by the Proposed Acquisition. Qlik provides
user-driven business intelligence solutions that enable customers
to make business decisions.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/qlik-technologies-inc-july-2016.
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney Darnell R.
Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160804006309/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com
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