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Investors Sue To Block $2.3B Gov t Tech Services Merger
Law360 (March 5, 2021, 10:25 PM EST) Shareholders in digital government services company NIC Inc. are seeking to block a $2.3 billion merger with software provider Tyler Technologies Inc. from going ahead, claiming the company s board of directors misled investors, according to two suits in Delaware federal court.
In a pair of complaints filed Wednesday and Thursday, NIC Inc. investors Shiva Stein and David Starks allege that the company s board of directors failed to disclose important financial information in a proxy statement announcing NIC s planned merger with Texas-based Tyler last month.
The shareholders claim that the statement which they say was filed with the U.S. Securities and.
The Penobscot County (Maine) Courthouse. (Courthouse News via Wikipedia)
(CN) A cult-like adherence to the notion of “practical obscurity” for electronic court records is dead. Or is it.
In black and white, Maine’s new restriction on access to electronic court records exposes the tarnished bones of an old battle. It is the most blatant example yet of an American court walking forward on technology and in synchronous motion walking backward on transparency.
A court committee itself operating in secrecy put a new rule in place in December that says nobody can look at electronic court records until three days after they are served. Asked by a reporter how long the blackout period runs, the counter clerk in Penobscot Superior Court in Bangor said, “Ninety days.”