Home Tech Mandiant Sued by Shareholder Over $5.4 Billion Google Purchase

Mandiant Sued by Shareholder Over $5.4 Billion Google Purchase

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Mandiant Inc. was sued by a shareholder alleging the cybersecurity company made incomplete and misleading disclosures while asking investors to approve its proposed $5.4 billion purchase by Alphabet Inc.’s Google.

Mandiant Inc. was sued in New York by a shareholder alleging the cybersecurity company made incomplete and misleading disclosures while asking investors to approve its proposed $5.4 billion purchase by Alphabet Inc.’s Google.

The deal, announced on March 8, was the second-biggest ever for Google, adding internet security products that will aid its cloud-computer division as the company competes with larger rivals Amazon Web Services and Microsoft Corp.

In a lawsuit filed Friday in federal court in Manhattan, shareholder Shiva Stein said a proxy statement filed by Mandiant with the U.S. Securities and Exchange Commission and sent to investors recommending a vote in favor of the…

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