Market Overview

Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Analogic Corporation


Geller Rudman & Dowd LLP
today announced that a class action has been filed on behalf of holders
of Analogic Corporation (NASDAQ:ALOG) common stock on May 11, 2018, the
record date to vote on the Agreement and Plan of Merger. This action was
filed in the District of Massachusetts and is captioned Burcaw v.
Analogic Corporation
, No. 18-cv-11557. There is at least one
other similar case pending in the same court, Carr v. Analogic
, No. 18-cv-11301.

The Private Securities Litigation Reform Act of 1995 permits any
investor who held Analogic shares on the record date to seek appointment
as lead plaintiff. A lead plaintiff acts on behalf of all other class
members in directing the litigation. The lead plaintiff can select a law
firm of its choice. A class member's ability to share in any potential
future recovery is not dependent upon serving as lead plaintiff. If you
wish to serve as lead plaintiff, you must move the Court no later than
60 days from June 22, 2018. If you wish to discuss this action or have
any questions concerning this notice or your rights or interests, please
contact plaintiff's counsel, Esther Lee of Robbins Geller at
800/449-4900 or 619/231-1058, or via e-mail at
A copy of the filed complaint can be viewed at

The complaint charges Analogic and its Board of Directors with
violations of the Securities Exchange Act of 1934 ("1934 Act") in
connection with the sale of the Company to affiliates of Altaris Capital
Partners, LLC ("Altaris"). Analogic designs, manufactures and sells
advanced medical imaging, ultrasound and security systems and subsystems
to original equipment manufacturers and end users primarily in the
healthcare and airport security markets.

On April 10, 2018, Analogic announced it had entered into an Agreement
and Plan of Merger with Altaris, pursuant to which each share of
Analogic common stock would be converted into the right to receive $84
in cash (the "Transaction"). The Transaction consideration represented a
12.5% discount to Analogic stock's $96.05 per share closing price right
before the Transaction was announced. On May 16, 2018, defendants filed
a Definitive Proxy Statement on Schedule 14A with the SEC (the "Proxy")
to solicit shareholder approval of the Transaction.

The complaint alleges the Proxy issued in connection with the
Transaction contained materially false and misleading statements in
violation of §14(a) of the 1934 Act. According to the complaint, in
pursuing the unfair plan to facilitate the acquisition of Analogic by
Altaris for grossly inadequate consideration, defendants made false and
misleading statements in the Proxy concerning the merger process and
certain financial forecasts prepared by Analogic and relied upon by its
financial advisor in support of its fairness opinion. By including the
statements in the Proxy, defendants induced stockholders to defer to the
Board's recommendation to vote in favor of the unfairly priced
Transaction. Pursuant to an uninformed shareholder vote, defendants
completed the Transaction on June 22, 2018.

Plaintiff seeks damages on behalf of all holders of Analogic common
stock as of May 11, 2018 (the "Class"). The plaintiff is represented by
Robbins Geller, which has extensive experience in prosecuting investor
class actions including actions involving financial fraud.

Robbins Geller is widely recognized as a leading law firm advising and
representing U.S. and international investors in securities litigation
and portfolio monitoring. With 200 lawyers in 10 offices, Robbins Geller
has obtained many of the largest securities class action recoveries in
history. For the third consecutive year, the Firm ranked first in both
the total amount recovered for investors and the number of shareholder
class action recoveries in ISS's SCAS Top 50 Report. Robbins Geller
attorneys have shaped the law in the areas of securities litigation and
shareholder rights and have recovered tens of billions of dollars on
behalf of the Firm's clients. Robbins Geller not only secures recoveries
for defrauded investors, it also implements significant corporate
governance reforms, helping to improve the financial markets for
investors worldwide. Please visit
for more information.

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