Monotype Imaging Holdings Inc.
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MONOTYPE IMAGING (TYPE) CLASS ACTION: HALPER SADEH LLP ANNOUNCES FILING OF SHAREHOLDER CLASS ACTION LAWSUIT AGAINST MONOTYPE IMAGING HOLDINGS INC. IN CONNECTION WITH ITS PROPOSED MERGER WITH HGGC – TYPE
September 11, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Monotype Imaging Holdings Inc. (NASDAQ: TYPE) in connection with the proposed sale of Monotype Imaging to HGGC. The lawsuit seeks damages and/or equitable relief on behalf of Monotype Imaging shareholders.
The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Monotype Imaging shareholders vote in favor of the proposed sale of Monotype Imaging to HGGC. According to the complaint, the proxy statement contains materially incomplete and misleading information concerning Monotype Imaging’s financial projections, the analyses performed by Monotype Imaging’s financial advisor, J.P. Morgan, and potential conflicts of interest involving J.P. Morgan. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction until such information is disclosed.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE OR YOU MAY REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
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