Mindbody ($MB) $27M Investor Settlement

The settlement funds have been distributed to claimants.

$27,000,000

Cash Settlement

Delaware court of Chancery

Court

2019-0442-KSJM

Case number

02/15/2019

Class period Start

02/15/2019

Class period End

Mindbody ($MB) has agreed to settle $27,000,000 with investors to resolve claims related to its 2019 sale to Vista Equity Partners, where shareholders alleged that executives pushed through the merger at an unfair price while providing incomplete information.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Breach of Fiduciary duty

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Luxor Capital Partners

Attorneys

Bernstein Litowitz Berger & Grossmann LLP

Defendants

Eric Liaw

Administrator

JND Legal Administration

Trades matching type

FIFO

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