Aetna 401(k) Plan Breach of Fiduciary Duty in Aetna-CVS Merger Class Action

What happens to 401(k) plans when two companies merge? This class action concerns the merger of Aetna, Inc. and CVS Health Corporation during which the Aetna 401(k) plan was converted into the CVS 401(k) plan. It brings suit on behalf of participants in the Aetna plan with Aetna stock in their accounts, claiming breaches of  Read more

CVS Health and Aetna Logos

Marathon Petroleum Did Not Pay Full Bonuses After Merger Class Action

This class action concerns the merger of Marathon Petroleum Company, LP with Andeavor, LLC. The complaint alleges that Marathon promised certain bonuses to Andeavor employees who were terminated without cause after the merger, but the complaint claims that Marathon has not paid the bonuses.  Read more

Gas Station Sign with Marathon Logo

Dawson Geophysical Company (DWSN) Securities Class Action

This securities class action alleges that Dawson Geophysical Company (DWSN), its board, and TGC, Inc. breached their duties in connection with their attempt to consummate a merger pursuant to an unfair process and for an unfair price. The complaint alleges that the merger agreement includes an unfair share-replacement arrangement and a misleading S-4 filing.  Read more

Extreme’s Failed Integration With Enterasys And Lenovo Securities Suit

This federal securities class action lawsuit is brought against Extreme Networks, Inc., a company which develops and sells network infrastructure equipment and offers related services contracts for extended warranty and maintenance.  The allegations in the complaint evidence that Extreme’s management released false material statements regarding: (1) Extreme’s integration with Enterasys being complete; (2) Lenovo’s acquisition  Read more