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Acacia Communications Filed Counterclaim Vs. Cisco

Jan. 11, 2021, 10:07 PM

Acacia Communications, Inc. filed its answer and affirmative defenses in response to the complaint filed by Cisco Systems, Inc. in the Delaware Court of Chancery, according to a press release from Acacia on Monday.

  • Acacia simultaneously filed a counterclaim against Cisco seeking a declaration that Acacia validly terminated the merger agreement with Cisco because the required Chinese regulatory approval was not obtained and the merger did not close before the agreed-upon termination date under the agreement
  • Acacia believes that a January 7, 2021 email from the Chinese Government’s State Administration for Market Regulation employee stating Cisco’s submission was “sufficient to ...

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