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Brocade, Ruckus Shake Shareholder Suit Over $1.2B Deal, Law360

June 30, 2017

A California federal judge tossed out a proposed shareholder class action alleging securities fraud against Brocade Communications over its acquisition of Ruckus Wireless Inc., valued at about $1.2 billion, saying the shareholder plaintiffs repeatedly failed to show how the companies misled them in financial statements over the offer.

Brocade Communications Systems Inc. and Ruckus Wireless Inc. are represented by a Morgan Lewis team.

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