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Lawson shareholders sue to block Infor sale

Chris Kanaracus, IDG News Service | June 8, 2011
A pair of Lawson Software shareholders have filed a class action lawsuit to block the ERP (enterprise resource planning) software vendor's sale to Infor and its parent company Golden Gate Capital, according to documents filed Tuesday in U.S. District Court for the District of Minnesota.

An Infor spokesman declined comment. Lawson did not respond to a request for comment.

Shareholder lawsuits are a common occurrence during tech mergers and acquisitions, but rarely seem to drastically impede or stop deals from being completed. Earlier this week, SAP said a court had granted preliminary approval of a settlement tied to class action litigation brought by shareholders of Sybase, which SAP bought last year.

 

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