The litigation targets the period between May 13 and August 26, 2025, encompassing the issuance of the company’s proxy statement and the final closing of the merger. Plaintiffs argue that the board withheld critical information regarding the true motivations behind the sale, specifically the pressure to liquidate Dun & Bradstreet assets to address Cannae Holdings' financial instability and counter an activist proxy contest threatening Foley’s leadership.
Beyond these alleged conflicts, the lawsuit claims defendants misrepresented the validity of board-approved financial projections and obscured the existence of higher-value alternatives to the total company sale. Robbins LLP, the firm representing the class, asserts that investors were denied the transparency required to make an informed decision on the acquisition. Those who held or sold shares during the class period must contact the firm by November 10, 2026, to be considered for the lead plaintiff role.
Comments (0)
No comments yet. Be the first!