SAN DIEGO & RADNOR, Pa.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that a class action lawsuit has been filed against Qlik Technologies, Inc. (NASDAQGS: QLIK) in the Court of Chancery of the State of Delaware. The complaint is brought on behalf of shareholders of Qlik for alleged violations of state law and breaches of fiduciary duties in connection with the acquisition of the company by private equity firm Thoma Bravo LLC (the "Proposed Acquisition"). The complaint alleges that Qlik officials failed to ensure a fair process, maximize the value of Qlik common stock, act in the best interest of Qlik shareholders, and guard against the numerous conflicts of interest presented by the Proposed Acquisition. Qlik provides user-driven business intelligence solutions that enable customers to make business decisions.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/qlik-technologies-inc-july-2016.
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
