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NaviSite, Inc. Shareholder Files Lawsuit In Effort To Block Proposed Takeover

  • If you purchased NaviSite, Inc. (NASDAQ:NAVI) and currently continue to hold those NAVI shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in shares of NaviSite, Inc. (NASDAQ:NAVI) filed a lawsuit in State Court against Time Warner Cable and certain of NaviSite’s officers and directors in effort to block the proposed takeover of NaviSite by Time Warner Cable’s Avatar Merger Sub Inc. The plaintiff alleges certain directors and officers at NaviSite breached their fiduciary duties. According to the class action...



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