The Ultimate Software Group, Inc. (NASDAQ: ULTI) Investor Alert: Lawsuit filed in effort to Halt the Takeover by

Investors who purchased shares of The Ultimate Software Group, Inc. (NASDAQ: ULTI) and currently hold any of those NASDAQ: ULTI shares have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Ultimate Software Group
Case Name: 
Ultimate Software Group Deal Case
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: ULTI
Lawsuit Overview
Type of Lawsuit: 
Mergers and Acquisition
Summary: 

An investor, who currently holds shares of The Ultimate Software Group, Inc. (NASDAQ: ULTI), filed a lawsuit against the takeover of The Ultimate Software Group, Inc.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: ULTI stockholders by agreeing to sell The Ultimate Software Group, Inc. cheaply via an unfair process.

Weston, FL based The Ultimate Software Group, Inc. provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada.

On February 4, 2019, Ultimate Software (Nasdaq: ULTI) announced that it has entered into a merger agreement to be acquired by an investor group led by Hellman & Friedman in an all-cash transaction for $331.50 per share in cash.
However, plaintiff claims that the proposed consideration Nasdaq: ULTI shareholders will receive is grossly inadequate and undervalues Ultimate Software. Indeed, at least one analyst has set the high target price for NASDAQ: ULTI shares at $370.00 per share. The Ultimate Software Group, Inc. reported that its annual Total Revenue rose from $940.72 million in 2017 to over $1.14 billon in 2018 and that its Net Income increased from $14.05 million in 2017 to $65.14 million in 2018. In addition, the plaintiff alleges that the process is also unfair Nasdaq: ULTI stockholders