In addition, as a representative plaintiff, you may be required to continue holding Company shares. You agree that neither you nor any of your affiliates or agents will trade stocks while in the possession of any material non-public information you may receive in connection with the litigation. BESPC will also promptly advise you of any significant developments in the litigation.Īs a representative plaintiff, you cannot have any interest antagonistic to or in conflict with other shareholders concerning the claims we are pursuing or any relationships with any of the named defendants that would in any way impair your ability or incentive to obtain the best possible result. If BESPC is appointed as lead counsel or in a similar capacity in the action, we will provide you with copies of all pleadings in the litigation for your review and approval, circumstances permitting, before they are filed with the court. You will have an obligation to remain knowledgeable about the litigation and participate in decisions concerning the progress of the litigation. If you have any questions about whether information should be retained, please contact us. Relevant documents include any information you have about the Company or your trading in Company stock, no matter how it is recorded or who is keeping it for you. Accordingly, you should preserve all documents that relate to this case until it has concluded or we inform you otherwise. You may also be asked to provide documents concerning your trading in Company stock and may be asked to sit for a deposition. Your Responsibilities as a Representative PlaintiffĪs a representative plaintiff, you will have a duty to represent the interests of similarly situated shareholders and to participate in the prosecution of this litigation. The terms under which we will represent you and your responsibilities as a potential representative plaintiff are set forth below. Please provide us with documentation of your trading history in the Company’s stock by emailing a relevant copies of your brokerage statements to If you have any questions or need assistance, please call us at (212) 308-5858. In making this agreement, BESPC is relying upon your representation that you held the Company’s shares on and that you continue to hold Company shares. BESPC has conducted an investigation and believes that there is a valid basis to assert claims against the Company and its directors and/or officers for breach of fiduciary duties and other applicable laws. (“BESPC”) to represent you in connection with potential litigation against RealNetworks (the “Company”) and its directors and officers arising out of the. This will confirm that you have retained Bragar Eagel & Squire, P.C.
Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for RealNetworks’ stockholders.
The deal is scheduled to close in the fourth quarter of 2022.īragar Eagel & Squire is concerned that RealNetworks’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
Pursuant to the merger agreement, each outstanding share of common stock of RealNetworks will be converted into the right to receive cash consideration of $0.73 per share. On July 28, 2022, RealNetworks announced that it had entered into an agreement to be acquired by Mr. (Nasdaq: RNWK) (“RealNetworks”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Greater Heights LLC, an affiliate of Chairman and CEO, Robert D. NEW YORK, Aug– Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of RealNetworks, Inc.
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