- Reuters•9 months ago
A U.S. judge ruled on Tuesday that Goldman Sachs Group Inc must defend a class action over its role in the 2014 sale of Tibco Software Inc, the latest ruling against a Wall Street bank over a corporate deal. Goldman had sought an early dismissal of the lawsuit, which was filed in Delaware's Court of Chancery, a premier venue for shareholder disputes. The bank must now defend itself as the case proceeds to trial over allegations that a miscount of Tibco shares during deal negotiations reduced the total that Vista Equity Partners paid for Tibco.
- Market Realist•last year
On December 5, 2014, Vista Equity Partners completed the acquisition of TIBCO for $4.3 billion, or $24 per share, in a cash transaction.
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