Investor Claims $1.2B FireEye Deal Bypassed Shareholders

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

By Charlie Innis (November 9, 2021, 7:51 PM EST) — A stockholder in cybersecurity firm Mandiant Inc. is suing the company and its directors in Chancery Court in hopes of forcing a vote on the $1.2 billion sale of FireEye Inc. assets that she claims required shareholder approval under Delaware law.

Plaintiff Michelle Altieri’s suit takes aim at Mandiant and its board, including Mandiant’s founder Kevin Mandia, who served as CEO of FireEye during the transaction, according to a public version of the complaint filed Monday in Delaware Chancery Court.

The $1.2 billion deal at the center of the dispute, inked this year, involved FireEye selling its name and products business…

Read the article