NOTICE REGARDING PAYMENT OF ATTORNEYS’ FEES AND EXPENSESMerger Agreement • July 22nd, 2016 • Fortinet Inc • Computer peripheral equipment, nec
As previously disclosed, on May 27, 2015, Fortinet, Inc., a Delaware corporation (“Fortinet” or the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among Fortinet, Malbrouck Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Fortinet, and Meru Networks, Inc., a Delaware corporation (“Meru”), pursuant to which Fortinet acquired Meru on July 8, 2015. Between June 4, 2015 and June 12, 2015, five Meru stockholders filed class action lawsuits in the Court of Chancery of the State of Delaware (the “Court”) challenging the transaction and alleging that the defendant companies and individual members of Meru’s Board of Directors violated applicable laws by breaching their fiduciary duties and/or aiding and abetting such breaches. Defendants’ position was that they had not engaged in any such violations. The plaintiffs sought, among other things, additional disclosure of facts relating to the merger in connection with the sharehold
