SendGrid, Inc. Securities Litigation

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Lawsuit Overview

Defendant:SendGrid, Inc.
Date Filed:December 5th, 2018
Industry:Computer Software: Prepackaged Software

According to the Complaint, SendGrid operates as a digital communication platform in the United States and internationally.

On October 15, 2018, SendGrid and Twilio jointly issued a press release announcing they had entered into a definitive merger agreement under which the companies will combine in an all-stock merger with a total equity value of approximately $2 billion.

The Complaint alleges that on November 21, 2018, Defendants caused to be filed a materially deficient Registration Statement on form S-4 (the "S-4") with the SEC in an effort to solicit stockholders to vote their SendGrid shares in favor of the Proposed Transaction.

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First Identified Complaint

Rick Chen, et al. v. SendGrid, Inc., et al.

Date Filed:December 5th, 2018
Class Period Start:October 15th, 2018
Class Period End:December 5th, 2018
First Identified Complaint Filings
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