NEW YORK, NY / ACCESSWIRE / December 28, 2022 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Citrix Systems, Inc. ("Citrix") (NASDAQ:CTXS) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired and held Citrix common stock as of the close of business on September 30, 2022 ("Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/ctxs.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The complaint alleges the Board deliberately used false projections to conceal the true value of Citrix from Citrix shareholders and thereby secured the approval of such shareholders to sell Citrix to Vista Equity Partners ("Vista") and Elliott Investment Management L.P. ("Elliott") for the inadequate and unfair price of $104.00 per share in cash ("Merger Consideration"), pursuant to a merger ("Merger") under which Citrix became a wholly-owned subsidiary of TIBCO Software, Inc. ("TIBCO"), a portfolio company of Vista.
The Complaint continues to allege that the false and misleading Proxy authorized by defendants caused the consummation of the Merger at an unfair price per share that did not adequately value Citrix and thus caused economic harm to Citrix, who were forced to sell their shares to Elliott and Citrix at an unfair and inadequate price.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/ctxs or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss inCitrix, you have until February 13, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC