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Merger-Related

This securities class action alleges that Dawson Geophysical Company (DWSN), its board, and TGC, Inc. breached their duties in connection with their attempt to consummate a merger pursuant to an unfair process and for an unfair price. The complaint alleges that the merger agreement includes an unfair share-replacement arrangement and a misleading S-4 filing.

This federal securities class action lawsuit is brought against Extreme Networks, Inc., a company which develops and sells network infrastructure equipment and offers related services contracts for extended warranty and maintenance.  The allegations in the complaint evidence that Extreme’s management released false material statements regarding: (1) Extreme’s integration with Enterasys being complete; (2) Lenovo’s acquisition of IBM’s server being complete; (3) The above integration and acquisition promising to drive double-digit revenue growth by fiscal year 2015.  The above statements artificially inflated Extreme’s stock price inducing the Plaintiffs to purchase its securities.