Thread regarding Staples Inc. layoffs

Litigation Relating to the Merger (Investors Are Angry)

http://investor.staples.com/phoenix.zhtml?c=96244&p=irol-sec#15156736

"On August 10, 2017 a fourth purported class action lawsuit relating to the Merger was filed against the Company and each of its directors in the United States District Court for the District of Massachusetts. The lawsuit, captioned Leif Haugen v. Staples, Inc. et al., Civil Action No. 1:17-cv-11480, alleges violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated thereunder against the defendants for allegedly disseminating a materially incomplete and misleading proxy statement in connection with the Merger. The plaintiff seeks injunctive relief enjoining defendants from proceeding with the Merger or any vote on the Merger. The plaintiff also seeks an accounting and an award of costs and attorneys’ fees. The Company and its directors believe this lawsuit is without merit and intend to defend against it vigorously."

Basically, investors are suing to stop the Staples-Sycamore merger....

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| 1891 views | | 2 replies (last September 15, 2017) | Reply
Post ID: @OP+OILjvLH

2 replies (most recent on top)

Laughing out loud. Staples is no longer top 10 site even combined by any measure. And they lose money through each one. Thank the might Masud and his lackeys for that. He should be jailed for his scam. He must have something on Shira

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Post ID: @zzdz+OILjvLH

Stop the "Merger".....(fire sale) Top internet retail sites in 2001 and present stock value.

1 Amazon...$968.75 per share

2 Staples........ 10.14

3 Apple.........157.48

4 Wal-Mart 80.40

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Post ID: @1rfi+OILjvLH

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