SAN DIEGO and SUNNYVALE, Calif., April 2, 2015 /PRNewswire/ -- Shareholder
rights law firm Robbins Arroyo LLP announces that it filed a class
action lawsuit on April 1, 2015, in
the U.S. District Court for the Northern District of California, San Jose Division (the "Court") on
behalf of the shareholders of Aruba Networks, Inc. ("Aruba") (NASDAQGS: ARUN) against Aruba and its Board of Directors for, among
other things, violations of sections 14(a) and 20(a) of the
Securities and Exchange Act of 1934 (the "Exchange Act") and U.S.
Securities and Exchange Commission Rule 14a-9 promulgated
thereunder.
Aruba Is Accused of Disseminating a False and Misleading
Proxy Statement
The complaint arises out of a March 2,
2015 press release announcing that Aruba had entered into a definitive merger
agreement with Hewlett-Packard Company pursuant to which
Aruba shareholders would receive
$24.67 per share in cash (the
"Proposed Transaction"). The complaint seeks injunctive relief on
behalf of the named plaintiff and all other similarly situated
shareholders of Aruba (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 Transaction, the defendants filed a
materially false and misleading Definitive Proxy Statement with the
U.S. Securities and Exchange Commission in violation of the
Exchange Act. The omitted and/or misrepresented information is
believed to be material to Aruba
shareholders' ability to make an informed decision whether to
approve the Proposed Transaction.
If you purchased or otherwise acquired Aruba stock prior to the announcement of the
Proposed Transaction on March 2,
2015, and wish to serve as lead plaintiff, you must move the
Court no later than sixty days from April
2, 2015. 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/aruba-networks-inc-april-2015
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP