Bernstein Liebhard LLP Announces Investigation of Acquisition of Solera Holdings, Inc. by Affiliates of Vista Equity Partners, Koch Equity Development LLC, and Goldman, Sachs & Co.
September 16, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors (the “Board”) of Solera Holdings, Inc. (“Solera” or the “Company”) (NYSE: SLH) breached its fiduciary duties to its shareholders in agreeing to sell Solera to affiliates of Vista Equity Partners, Koch Equity Development LLC, and Goldman, Sachs & Co. (the “Acquirers”). On September 13, 2015, Solera and the Acquirers announced the signing of a definitive merger agreement pursuant to which the Acquirers will acquire Solera (the “Merger”). Under the terms of the Merger, Solera shareholders will receive $55.85 in cash for each share of Solera common stock.
Bernstein Liebhard’s investigation focuses on whether the terms of the Merger adequately compensate Solera stockholders for the true value of their Solera stock, and whether the Board undertook a fair process to maximize shareholder value in connection with the Merger.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs’ firms in the country.