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Press Release: Rigrodsky & Long, P.A. Files Class Action Suit Against XO Group Inc.


WILMINGTON, Del., Dec. 05, 2018 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders of XO Group Inc. (“XO Group”) (NYSE: XOXO) common stock in connection with the proposed acquisition of XO Group by WeddingWire, Inc. and its affiliate (“WeddingWire”) announced on September 25, 2018 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against XO Group and its Board of Directors (the “Board”), is captioned Scarantino v. XO Group Inc., Case No. 1:18-cv-01814 (D. Del.).If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at @rl-legal.com">This email address is being protected from spambots. You need JavaScript enabled to view it., or at http://rigrodskylong.com/contact-us/On September 24, 2018, XO Group entered into an agreement and plan of merger (the “Merger Agreement”) with WeddingWire.  Pursuant to the terms of the Merger Agreement, shareholders of XO Group will receive $35.00 in cash for each share of XO Group stock they own (the “Proposed Transaction”).Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a proxy statement (the “Proxy Statement”) filed with the United States Securities and Exchange Commission.  The Complaint alleges that the Proxy Statement omits material information with respect to, among other things, XO Group’s financial projections and the...


Posted: 2018-12-06 04:00:00

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