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New Relic Shareholder Sues To Force Open Corp. Books

Law 360

Another shareholder of web analytics firm New Relic Inc. has sued in Delaware's Court of Chancery for corporate records related to the company's $6.5 billion, $87-per-share buyout by private equity firms Francisco Partners and TPG, the latest in a string of shareholder suits seeking records on the deal.

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New Relic Stockholders Sue In Del. For Docs On $6.5B Sale

Law 360

Stockholders of digital infrastructure venture New Relic Inc. hit the company with a second Delaware Court of Chancery suit Tuesday demanding company books and records for a probe of its purportedly conflicted, $6.5 billion take-private sale to Francisco Partners and TPG Global LLC.

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