SAN DIEGO, Calif. and
SCHAUMBURG, Ill., June 3, 2015 /PRNewswire/ -- Shareholder rights
law firm Robbins Arroyo LLP announces that it filed a class action
lawsuit on June 3, 2015, in the U.S.
District Court for the Northern District of Illinois, Eastern Division (the "Court") on
behalf of the shareholders of Catamaran Corporation ("Catamaran")
(NASDAQGS: CTRX) against Catamaran and its Board of Directors (the
"Board") 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.
Catamaran Is Accused of Disseminating a False and
Misleading Proxy Statement
The complaint arises out of a March 30,
2015 press release announcing that Catamaran had entered
into a definitive merger agreement with UnitedHealth Group
Incorporated ("UnitedHealth") pursuant to which Catamaran's Board
agreed to sell Catamaran to UnitedHealth for $61.50 in cash per Catamaran share (the "Proposed
Transaction"). The complaint seeks injunctive relief on
behalf of the named plaintiff and all other similarly situated
shareholders of Catamaran (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 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 Catamaran's shareholders' ability to
make an informed decision whether to approve the Proposed
Transaction.
If you purchased or otherwise acquired Catamaran stock prior to
the announcement of the Proposed Transaction on March 30, 2015, and wish to serve as lead
plaintiff, you must move the Court no later than sixty days from
June 3, 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/catamaran-corporation
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