NEW YORK, NY / ACCESSWIRE / July 26, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sumo Logic, Inc. ("Sumo Logic" or "the Company") (NASDAQ:SUMO). Investors who purchased Sumo Logic securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site:www.bgandg.com/sumo.
The investigation concerns whether Sumo Logic has violated federal securities laws.
Investigation Details:
On February 9, 2023, Sumo Logic announced that its board of directors ("Board") had approved the sale of the Company to Francisco Partners, pursuant to a merger agreement ("Merger Agreement"). On April 5, 2023, Sumo Logic and its officers caused a proxy statement on Schedule 14A ("Proxy") to be filed with the SEC and disseminated to Sumo Logic stockholders. The special meeting of Sumo Logic stockholders to vote on the Merger was held on May 10, 2023. 84,039,824 of the 124,088,187 outstanding shares of Sumo Logic common stock voted to approve the Merger, which closed on May 12, 2023. A class action complaint has been filed alleging that the Proxy disseminated in connection with the Merger was materially false and misleading, in violation of the federal securities laws, and deceived Company shareholders into voting to approve the Merger at an unfair price.
What's Next?
If you are aware of any facts relating to this investigation or purchased Sumo Logic securities, you can assist this investigation by visiting the firm's site:www.bgandg.com/sumo. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC