Block & Leviton is co-lead counsel in this class action alleging breaches of fiduciary duty against the Company’s directors and CEO Reggie Aggarwal (“Aggarwal”), as well as the Company’s controlling stockholder, Vista Equity Partners and affiliated entities (“Vista”), in a $4.6 billion take-private sale to affiliates of Blackstone Inc.
On January 24, 2025, the Delaware Court of Chancery largely denied the defendants’ motions to dismiss, dismissing without prejudice the claims against Aggarwal in his officer capacity. The action is now in the fact discovery stage.
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