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In re Cogent, Inc. Shareholder Litigation

Sean Thomas Prosser
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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)