Cambium Learning Group Inc Securities Litigation

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Lawsuit Overview

Defendant:Cambium Learning Group, Inc.
Date Filed:November 27th, 2018
Sector:Consumer Services

According to the Complaint, Cambium Learning Group Inc ("Cambium" or the Company) sells products that focus on supplemental instruction, professional development, and student assessments.

The Proposed Transaction was first disclosed on October 15, 2018, when Cambium and Veritas Capital announced that they had entered into a definitive merger agreement (the "Merger Agreement") pursuant to which Veritas Capital will acquire all of the outstanding shares of common stock of Cambium for $14.50 per share (the "Merger Consideration"). The deal is expected to close in the fourth quarter of 2018 or the first quarter of 2019.

The Complaint alleges that on November 19, 2018 Defendants caused a materially incomplete and misleading information statement to be filed with the Securities and Exchange Commission ("SEC") .

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First Identified Complaint

Eric Strahan, et al. v. Cambium Learning Group Inc, et al.

Date Filed:November 27th, 2018
Class Period Start:October 15th, 2018
Class Period End:November 27th, 2018
First Identified Complaint Filings
#Document TitleFiling Date