In re Cogent, Inc. Shareholder Litigation

Sean Thomas Prosser

Case Conclusion Date:October 5, 2010

Practice Area:Class Action

Outcome:Defeated injunction motion; case pending

Description:In re Cogent, Inc. Shareholder Litigation (Los Angeles Super. Ct.; C.D. Cal.; Delaware Chancery Court.) Represent Cogent, Inc. and its directors in shareholder class action lawsuits filed in California state and federal courts and in Delaware Chancery Court arising from $943 million acquisition by 3M. Successfully defeated plaintiffs’ motion to enjoin transaction (No. 5780-VCP, 2010 WL 3894991 (Del. Ch. Oct. 5, 2010)) and obtained stay of parallel California lawsuit. (Pending)