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Interactive Intelligence Group Inc (NASDAQ:ININ) Investor Lawsuit Against Acquisition By Genesys Filed

  • If you purchased shares of Interactive Intelligence Group Inc (NASDAQ:ININ), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Interactive Intelligence Group Inc
Security
NASDAQ: ININ

Case Name
Interactive Intelligence Group Deal Case 10/28/2016
Type of Lawsuit
Mergers and Acquisition
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Summary

October 28, 2016 (Shareholders Foundation) - An investor who currently holds shares of Interactive Intelligence Group Inc (NASDAQ:ININ), was announced concerning whether the takeover of Interactive Intelligence Group Inc by Genesys for $60.50 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:ININ stockholders by agreeing to sell Interactive Intelligence Group Inc too cheaply via an unfair process to Genesys.

On August 31, 2016, Genesys and Interactive Intelligence Group Inc. (Nasdaq:ININ) announced that they have entered into a definitive agreement under which Genesys will acquire Interactive Intelligence in a transaction valued at approximately $1.4 billion. Under the terms of the agreement, Interactive Intelligence shareholders will receive $60.50 per share in cash.

However, plaintiff claims that the proposed consideration Nasdaq:ININ shareholders will receive is grossly inadequate and undervalues Interactive Intelligence Group Inc. In addition, the plaintiff alleges that the process is also unfair to Nasdaq:ININ stockholders. Indeed, Dr. Brown, who owns approximately 17% of Interactive Intelligenceshares, has already agreed to vote his shares in favor of the transaction.