Amber Road, Inc.
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AMBER MERGER CLASS ACTION: HALPER SADEH LLP ANNOUNCES SHAREHOLDER CLASS ACTION AGAINST AMBER ROAD, INC. IN CONNECTION WITH ITS PROPOSED MERGER WITH E2OPEN – AMBR
June 7, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces that a shareholder class action was filed against Amber Road, Inc. (“Amber” or the “Company”) (NYSE: AMBR) in connection with the proposed sale of Amber Road to E2open (“E2open”).
The lawsuit alleges that Defendants issued a materially misleading solicitation statement recommending that Amber Road shareholders tender their shares to E2open. According to the complaint, the solicitation statement contains materially incomplete and/or misleading information concerning: (1) Amber Road’s financial projections; (2) the financial analyses performed by Amber Road’s financial advisor, KeyBanc Capital Markets Inc., in connection with its fairness opinion; (3) potential conflicts of interest involving KeyBanc; and (4) the sales process leading up to the proposed transaction. As a result, Amber Road shareholders must be provided with this information in order to adequately assess and value the tender offer. The lawsuit seeks to enjoin the tender offer until such information is disclosed.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Certification and Authorization of Plaintiff Pursuant to Federal Securities Laws