Recent Securities Litigations
Tech Data Corporation (NASDAQ: TECD)
According to the Complaint, Tech Data Corporation is one of the world’s largest IT distribution and solutions companies and is ranked No. 88 on the Fortune 500®.
This action stems from a proposed transaction announced on November 13, 2019, pursuant to which Tech Data Corporation will be acquired by affiliates of Apollo Global Management, Inc.
On December 12, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.