Bloomberg Law
Nov. 20, 2020, 9:32 PM

Forescout Investors Get New Lead Plaintiffs in Deal Delay Suit

Jennifer Bennett
Legal Reporter

Forescout Technologies Inc. investors who said the company failed to tell them about delayed deals that could put a planned merger at risk secured new co-lead plaintiffs for their suit in federal court in California.

Meitav Tachlit Mutual Funds Ltd. was once again picked for the lead role, this time joined by the Glazer Funds group, the U.S. District Court for the Northern District of California said. The court in July consolidated new would-be class cases and reopened the lead plaintiff appointment process.

The chosen leads and a third movant—the Arbitrage Plaintiffs—agreed that the Glazer Funds suffered the largest ...

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