Interactive Intelligence defeated an activist shareholder's efforts to enjoin a special meeting of shareholders scheduled for November 9, 2016, during which shareholders were to vote on the proposed $1.4 billion acquisition of Interactive Intelligence by Genesys Telecommunications Laboratories. Our business litigation team represented Interactive Intelligence in the suit filed in the Southern District of Indiana, defeating the shareholder's motion for a temporary restraining order and preliminary injunction.
The litigation team took a unique approach to the TRO, opposing the plaintiff's motion to block the vote and arguing that the additional information the shareholder had raised was immaterial and thus, did not need to be provided to Interactive's shareholders. Two business days after filing Interactive's opposition, the shareholder withdrew its motion and the meeting proceeded as planned.
