Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Restoration Robotics, Inc. In The District Of Delaware
NEW YORK, Dec. 12, 2019 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:19-cv-02237, on behalf of public common shareholders of Restoration Robotics, Inc., ("Restoration Robotics" or the "Company") (Nasdaq: HAIR) who held Restoration Robotics securities as of the record date on September 6, 2019 (the "Class Period"), and have been harmed by Restoration Robotics and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of the Company to Venus Concept, Inc. ("Venus").
Pursuant to the terms of the Merger Agreement, each share of Venus Concept will be converted into the right to receive 8.6506 shares of Restoration Robotics common stock. In result of the transaction, Restoration Robotics and Venus Concept shareholders will own approximately 15% and 85% of the combined company ("Merger Consideration"). The complaint alleges that the Merger Consideration is inadequate and that the Proxy Statement/prospectus on form 424B3 provided shareholders with materially incomplete and misleading information about the Company's financials and the Merger, in violation of Sections 14(a) and 20(a) of the Exchange Act. In particular, the complaint alleges that the Proxy Statement contained materially incomplete and misleading information concerning the financial projections for Restoration Robotics, Inc. The special meeting of Restoration Robotics stockholders to vote on the Merger was held on October 4, 2019.
If you wish to serve as lead plaintiff, you must move the Court no later than February 10, 2020. 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/restoration-robotics-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 and is committed to protecting shareholders 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 2017-2019 Top Rated Lawyer.
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) 2019 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
SOURCE Monteverde & Associates PC
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article