Law360 recently reported that the Honorable Vice Chancellor Morgan T. Zurn of the Delaware Court of Chancery appointed Elsberg Baker & Maruri as co-lead counsel in a consolidated proposed class action on behalf of Agiliti Inc. investors. EBM is serving as co-lead counsel alongside Block & Leviton LLP.
The case challenges Agiliti Inc.’s May 2024 take-private acquisition by an affiliate of its controlling stockholder, private equity firm Thomas H. Lee Partners LP (THL). According to the complaint, THL purchased all remaining shares of Agiliti it did not already own for $10 per share—an amount plaintiffs allege undervalues the company and unfairly squeezes out minority shareholders. The deal, which was not conditioned on approval by a majority of unaffiliated stockholders, resulted in Agiliti’s common stock being delisted from the New York Stock Exchange.
As Law360 highlighted, following the Tuesday ruling, Vice Chancellor Zurn stated, “it is clear the Maglione Group exerted more vigor seeking meaningful and appropriate documents [than other would-be lead teams], and that effort paid off.”
“We're excited to represent the class on this significant matter” said Silpa Maruri, partner at Elsberg Baker & Maruri.
Attorneys from Elsberg Baker & Maruri representing lead plaintiff Maglione include Silpa Maruri, Vivek Tata, Brian Campbell, Silas La Borde, Shams Hirji, and Kateryna Shokalo.
Read more here > Law360
