Gardy & Notis, LLP served as lead counsel for former stockholders of Comverge, Inc. challenging the acquisition of Comverge by a subsidiary of H.I.G. Capital, LLC for $1.75 cash per share.
After the Court denied an early preliminary injunction, Gardy & Notis, LLP continued to litigate the case for more than four and half years. Gardy & Notis, LLP achieved a settlement whereby Defendants would pay an extra $5.9 million to former Comverge stockholders, representing an extra $0.25 per share or roughly 14.3% more that merger price accepted by Comverge's board of directors.
The case is In re Comverge, Inc. Shareholders Litigation, C.A. No. 7368-VCMR, Delaware Court of Chancery.
For more information about the lawsuit or how to file a claim, visit www.ComvergeSettlement.com.