MINDBODY Inc. Securities Litigation

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Lawsuit Overview

Defendant:MINDBODY, Inc.
Date Filed:January 24th, 2019
Sector:Technology
Industry:EDP Services

According to the Complaint, MINDBODY is the leading technology platform for the fitness, beauty, and wellness services industries. Local entrepreneurs worldwide use MINDBODY's integrated software and payments platform to run, market, and grow their businesses.

This action stems from a proposed transaction announced on December 24, 2018 (the "Proposed Transaction"), pursuant to which MINDBODY, Inc. ("MINDBODY" or the "Company") will be acquired by affiliates of Vista Equity Partners.

On January 23, 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, which scheduled a stockholder vote on the Proposed Transaction for February 14, 2019, omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

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First Identified Complaint

Eric Sabatini, et al. v. MINDBODY Inc., et al.

Date Filed:January 24th, 2019
Class Period Start:December 24th, 2018
Class Period End:January 24th, 2019
First Identified Complaint Filings
#Document TitleFiling Date