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LAWSUIT ALERT – Andrews & Springer LLC Announces That A Securities Class Action Has Been Filed Against Exactech, Inc. - EXAC

/EIN News/ -- WILMINGTON, Del., Dec. 27, 2017 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announces that a securities class action lawsuit has been filed by another law firm on behalf of shareholders of Exactech, Inc. (“Exactech” or the “Company”) for possible corporate misconduct and violations of federal securities laws.

A copy of the complaint is available from the Court or from Andrews & Springer LLC. If you currently own shares of Exactech and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/exactech-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

On December 4, 2017, the two parties announced the signing of an amended merger agreement pursuant to which TPG will acquire Exactech in a merger in a deal worth $737 million (the “Merger”). As a result of the Merger, Exactech shareholders are only anticipated to receive $49.25 per share in cash in exchange for each share of Exactech.

An Exactech shareholder represented by another law firm has filed a class action complaint against Exactech for federal securities violations.  The complaint was filed in the United States District Court, Northern District of Florida, Case No. 1:17-cv-00303-MW-GRJ.

According to the lawsuit, on December 4, 2017, defendants filed a preliminary proxy statement (the “Proxy”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Merger.

The Proxy omits material information with respect to the Merger, which renders the Proxy false and misleading. Accordingly, plaintiff alleges herein that defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Proxy, and that the close of the Merger should be enjoined until defendants disclose more information to stockholders.

If you own shares of Exactech and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/exactech-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

Contact:   
Craig J. Springer, Esq.
cspringer@andrewsspringer.com
Toll Free: 1-800-423-6013

 

Distribution channels: Consumer Goods, Law