LegalAug 10, 2026, 09:23 AM
LiveRamp Faces Lawsuits Over Merger, Provides Supplemental Disclosures
AI Summary
LiveRamp Holdings, Inc. announced that three lawsuits have been filed by stockholders following the filing of its Definitive Proxy Statement related to its acquisition by MMS USA Holdings, Inc. The lawsuits allege materially false or misleading statements and omissions concerning the merger's economics, process, and conflicts of interest. LiveRamp also received demand letters with similar allegations. While the company believes these claims are without merit and its disclosures comply with all applicable law, it has voluntarily provided supplemental disclosures to avoid potential delays and costs associated with the litigation, ensuring stockholders can vote on the merger.
Key Highlights
- Three lawsuits filed by LiveRamp stockholders alleging materially false or misleading statements in the Definitive Proxy Statement regarding the merger.
- Lawsuits captioned Garfield v. Argyilan, O'Connor v. LiveRamp Holdings, and Turner v. LiveRamp Holdings.
- Company also received several demand letters from purported stockholders alleging disclosure deficiencies.
- LiveRamp believes the allegations in the lawsuits and demand letters are without merit.
- Company voluntarily provided supplemental disclosures to avoid nuisance, risks, costs, and uncertainties inherent in disputes.
- Supplemental disclosures include details on discussions between Publicis and LiveRamp management regarding retention.
Price Impact
More from RAMP