In re: Cogent [Premium]

CONCLUDED

Hearing
04/27/11 – 04/27/11

Summary

April 27 hearing on a motion to dismiss. CVN covered an earlier preliminary injunction hearing.

In this Energy Mergers and acquisition litigation hearing on motion to dismiss, plaintiff St. Nevan US Limited, a minority shareholder alleged Cogent Inc’s board of directors of breached the company’s fiduciary duties by recommending its shareholders to accept 3M Inc’s tender offer of $10.50 per share, which the plaintiff claimed was an inadequate price which was due to an unfair sales process.

The plaintiff was represented by attorney Michael Hanrahan. The defense in this case comprised of Cogent Inc, 3M Corporation and 3 Com Corporation. Cogent Inc was represented by attorney Matthew Fischer and Erik Olson. 3M Corporation was represented by attorney Michael Collins. 3 Com Corporation was represented by attorney Biles C. Dunham.

Recording Disclaimer: This proceeding was recorded in full.

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