Zayo Group Holdings, Inc.
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ZAYO MERGER CLASS ACTION: HALPER SADEH LLP ANNOUNCES SHAREHOLDER CLASS ACTION AGAINST ZAYO GROUP HOLDINGS, INC. – ZAYO
June 10, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces that a shareholder class action was filed against Zayo Group Holdings, Inc. (“Zayo” or the “Company”) (NYSE: ZAYO) in connection with the proposed sale of Zayo to affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.
The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Zayo shareholders vote in favor of the proposed transaction. According to the complaint, the proxy statement contains materially incomplete and/or misleading information concerning Zayo’s financial projections, the financial analyses performed by Zayo’s financial advisor, Goldman Sachs & Co. LLC, and potential conflicts of interest involving Goldman Sachs. As a result, Zayo 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.’
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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