MONTEVERDE & ASSOCIATES PC FILED A CLASS ACTION LAWSUIT ON BEHALF OF SHAREHOLDERS OF RESONANT INC. IN THE CENTRAL DISTRICT OF CALIFORNIA

NEW YORK, May 23, 2022 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the Central District of California, Case No. 2:22-cv-03403, on behalf of public common shareholders of Resonant Inc. ("Resonant" or the "Company") who held Resonant securities as of expiration of the tender offer from Murata Electronics North America, Inc. ("Murata") on March 25, 2022, and were harmed by Resonant, Resonant's Chief Executive Officer, George B. Holmes, and Resonant's Chief Financial Officer, Martin S. McDermut, alleging violations of Sections 14(e) and 20(a) of the Securities Exchange Act of 1934 ("Exchange Act") in connection with the tender offer by Murata to purchase all outstanding shares of Resonant ("Tender Offer").

Under the terms of the Tender Offer, Murata acquired Resonant, with former Resonant stockholders receiving $4.50 in cash per share ("Offer Price"). The complaint alleges that the Offer Price was inadequate and that the Recommendation Statement provided stockholders with materially incomplete and misleading information, in violation of Sections 14(e) and 20(a) of the Exchange Act. The Tender Offer was completed on March 28, 2022.

Mr. Juan Monteverde is available to personally discuss this case with you and if you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2022. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.

Click here for more information: https://www.monteverdelaw.com/case/resonant-inc. It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars for shareholders and is committed to protecting investors and consumers from corporate wrongdoing.  Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2022 Monteverde & Associates PC.  Prior results do not guarantee a similar outcome with respect to any future matter. 

SOURCE Monteverde & Associates PC

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