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Hellman & Friedman

Did Control4 Just Try to End-Run Multiple Shareholder Lawsuits?

July 22, 2019 by Ted Leave a Comment

Photo of Martin Plaehn, CEO of Control4

As Strata-gee recently reported, there are currently seven active lawsuits that have been filed against Control4 and their Board of Directors in the wake of their acquisition by SnapAV. In a new DEFA14A filing with the Securities and Exchange Commission last Friday, the company addresses the issue of these lawsuits – saying that they are going to fight them. But then they do something very curious – they file an amendment to their original Schedule 14A filing, their Proxy Statement, with added information that appears to add missing material in response to allegations in the lawsuits filed against them.

Is Control4 trying to end-run the litigation just days before shareholders vote? See more below…

[Read more…] about Did Control4 Just Try to End-Run Multiple Shareholder Lawsuits?

Filed Under: Brands, Financial, Law, Management, News Tagged With: acquisition, Control4, Hellman & Friedman, lawsuit, litigation, Martin Plaehn, SEC, Securities and Exchange Commission, SnapAV

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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