Mellanox Technologies, Ltd.
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MELLANOX (MLNX) MERGER CLASS ACTION LAWSUIT: HALPER SADEH LLP ANNOUNCES FILING OF SHAREHOLDER CLASS ACTION LAWSUIT AGAINST MELLANOX TECHNOLOGIES, LTD. CONCERNING ITS PROPOSED MERGER WITH NVIDIA CORPORATION – MLNX
May 2, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NASDAQ: MLNX) in connection with the proposed sale of Mellanox to NVIDIA Corporation (“NVIDIA”).
The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Mellanox shareholders vote in favor of the proposed transaction. According to the complaint, the proxy statement contains materially incomplete and/or misleading information concerning Mellanox’s financial projections and the analyses performed by the Company’s financial advisor in connection with the proposed transaction. As a result, Mellanox shareholders must be provided with this information in order to adequately assess and value the merger consideration. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction 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