Attachmate granted motion to dismiss in shareholder suit alleging violations of securities laws and aiding and abetting breach of fiduciary duty
Client(s) Attachmate Corporation
Jones Day represented Attachmate, Inc. and Novell, Inc. in putative shareholder class actions filed in the Delaware Court of Chancery and the U.S. District Court for the District of Massachusetts, arising out of Attachmate's acquisition of Novell in a transaction valued at approximately $2.2 billion.
On February 10, 2012, the United States District Court for the District of Massachusetts granted Attachmate's Motion to Dismiss in the putative federal securities class action pending there, holding that the complaint did not sufficiently allege any violations of law by Attachmate.
In re Novell, Inc. Shareholder Litigation, C.A. No. 6032-VCN (Del. Ch.); In re Novell, Inc. Shareholder Litigation, No. 1:10-cv-12076-RWZ (D. Mass.)