Lawson Software is settling eight stockholder lawsuits that were filed in connection with the company's pending acquisition by Golden Gate Capital Corp. and Infor Global Solutions.
Lawson settling eight shareholder lawsuits
June 24, 2011 at 1:56AM
Details weren't disclosed.
In April, Golden Gate, a San Francisco-based private-equity firm, and the business software provider Infor agreed to buy Lawson, a St. Paul-based business software firm, for about $2 billion.
A Delaware class action suit that represented the consolidation of two shareholder suits was settled earlier this month, Lawson said in a regulatory filing with the Securities and Exchange Commission.
Lawson also said in the filing that it expects to settle six other shareholder suits filed in Minnesota, each of which is seeking class action status. Five of the suits were filed in Ramsey County District Court; one was filed in U.S. District Court.
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