The Law Office of Robbins Arroyo LLP Announces that It Has Filed a Class Action Lawsuit Against Polycom, Inc.
Shareholder rights law firm Robbins Arroyo LLP announces that it filed a class action lawsuit on June 8, 2016, in the U.S.
District Court for the Northern District of California, San Jose Division (the "Court") on behalf of the shareholders of Polycom,
Inc. ("Polycom") (NASDAQGS: PLCM) against its Board of Directors, Mitel Networks Corporation ("Mitel") (NASDAQGS: MITL) and Meteor
Two, Inc. for, among other things, violations of sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange
Act") and U.S. Securities and Exchange Commission ("SEC") Rule 14a-9 promulgated thereunder.
Polycom Is Accused of Disseminating a False and Misleading Proxy Statement
The action arises out of an April 15, 2016 press release announcing that Polycom had entered into an Agreement and Plan of
Merger with Mitel pursuant to which Mitel would acquire Polycom for $3.12 per share in cash and 1.31 Mitel common shares for each
share of Polycom stock, for total consideration of $1.96 billion (the "Proposed Acquisition"). The complaint seeks injunctive
relief on behalf of the named plaintiff and all other similarly situated Polycom shareholders (the "Class"). The named plaintiff is
represented by Robbins Arroyo LLP.
The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, the defendants filed a
materially false and misleading Proxy Statement with the SEC in violation of the Exchange Act. The omitted and/or misrepresented
information is believed to be material to Polycom shareholders' ability to make an informed decision whether to approve the
Proposed Acquisition.
If you purchased or otherwise acquired Polycom stock on, or prior to, the April 15, 2016 announcement of the Proposed
Acquisition, and wish to serve as lead plaintiff, you must move the Court no later than sixty days from June 14, 2016. If you wish
to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Darnell R.
Donahue of Robbins Arroyo LLP at 800-350-6003, via the shareholder information form on our website, or by e-mail at info@robbinsarroyo.com. Any member of the Class may move the Court to serve as lead plaintiff through counsel of
their choice, or may choose to do nothing and remain an absent Class member.
Robbins Arroyo LLP, a nationally recognized leader in the area of shareholder rights litigation, represents individual and
institutional investors in securities class action lawsuits and shareholder derivative actions. Robbins Arroyo LLP has helped its
clients realize more than $1 billion of value for themselves and the companies in which they have invested. Past results do not
guarantee similar outcomes. For more information about the firm, please go to http://www.robbinsarroyo.com.
Press release link: www.robbinsarroyo.com/shareholders-rights-blog/polycom-inc-june-2016
Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
ddonahue@robbinsarroyo.com
www.robbinsarroyo.com
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