Recent Securities Litigations
InnerWorkings, Inc. (NASDAQ: INWK)
According to the Complaint, InnerWorkings, Inc. engineers marketing for leading brands across a wide range of industries.
This action stems from a proposed transaction announced on July 16, 2020, pursuant to which InnerWorkings, Inc. will be acquired by HH Global Group Limited.
On July 15, 2020, InnerWorkings’ Board of Directors caused the Company to enter into an agreement and plan of merger with HH Global. Pursuant to the terms of the Merger Agreement, InnerWorkings’ stockholders will receive $3.00 in cash for each share of InnerWorkings common stock they own.
On August 21, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for September 24, 2020. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.