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Investors sue Switch over claims it misled them on $11b sale
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Two investors sue Switch over claims it filed misleading statements about $11bn acquisition
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Joshua H. Grabar | Grabar Law Office
PHILADELPHIA – A Nielsen Holdings shareholder claims that the recent $2.7 billion acquisition of its Global Connect service by Advent International Corporation violates the Securities Exchange Act of 1934.
Marc Waterman filed suit in the U.S. District Court for the Eastern District of Pennsylvania on Jan. 22 versus Nielsen Holdings PLC, Chairman of the Board of Directors James A. Attwood Jr., Chief Executive Officer David Kenny and Board Members Guerrino De Luca, Karen M. Hoguet, Janice Marinelli Mazza, Jonathan Miller, David Rawlinson, Nancy Tellem, Lauren Zalaznick, Thomas H. Castro, Harish Manwani, Robert C. Pozen, and Javier G. Teruel