Ellie Mae, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Ellie Mae, Inc.
Date Filed:March 6th, 2019
Sector:Technology
Industry:Computer Software: Prepackaged Software

According to the Complaint, Ellie Mae is a leading cloud-based platform provider for the mortgage finance industry.

This action stems from a proposed transaction announced on February 12, 2019 (the "Proposed Transaction"), pursuant to which Ellie Mae, Inc. will be acquired by EM Eagle Purchaser, LLC and EM Eagle Merger Sub, Inc., affiliates formed by Thoma Bravo Fund XIII, L.P.

On February 27, 2019, Defendants filed a proxy statement (the "Proxy Statement") with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

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First Identified Complaint

Michael Kent, et al. v. Ellie Mae, Inc., et al.

Date Filed:March 6th, 2019
Class Period Start:February 12th, 2019
Class Period End:March 6th, 2019
First Identified Complaint Filings
#Document TitleFiling Date