October 2016

Interactive Intelligence Group Defeats Shareholder Attempts to Block Acquisition

United States - Indiana

FaegreBD represented Interactive Intelligence Group, Inc. in connection with litigation surrounding a proposed merger. A shareholder who owned 17 of the more than 22 million outstanding shares of the company sued, seeking a temporary restraining order and preliminary injunction to enjoin the meeting at which the company’s shareholders would approve the proposed merger. The shareholder alleged that the company failed to disclose sufficient details about the transaction.

The company opposed the plaintiff’s attempt to block the vote, explaining that the details the plaintiff sought were immaterial, and would not add to the mix of information that the company’s shareholders already had. Two business days after the company filed its opposition, the shareholder voluntarily dismissed his complaint, with prejudice. The merger closed successfully. See Scott Fischer v. Interactive Intelligence Group, Inc., et al., No. 1:16-cv-02666-TWP-MPB (S.D. Ind. 2016).

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